In recent trading, shares of CommVault Systems Inc (Symbol: CVLT) have crossed above the average analyst 12-month target price of $139.83, changing hands for $169.79/share. When a stock reaches a target set by analysts, they generally have two options: they can either downgrade the stock due to valuation concerns or raise their target price based on positive developments. An analyst’s response can also hinge on the company’s recent performance and any fundamental changes driving the stock price up. If the outlook appears promising, it might warrant an increased target.
There are six analyst targets within the Zacks coverage universe that contribute to the average for CommVault Systems Inc. However, averages can be misleading. Some analysts have set lower targets, including one predicting a price of $98.00, while another aims for a high of $175.00. The standard deviation among these targets stands at $27.888.
The rationale for considering the average CVLT price target lies in the “wisdom of crowds.” This approach compiles the insights from various experts, rather than relying solely on one opinion. With CVLT surpassing the average target price of $139.83/share, it signals investors to reassess the company. They must ask themselves: is $139.83 just a stepping stone to an even higher target, or is it time to consider reducing their holdings due to potential overvaluation? Below is a table showing current analyst opinions on CommVault Systems Inc:
| Recent CVLT Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 2 | 3 | 4 | 4 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 5 | 4 | 4 | 4 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.43 | 2.14 | 2.0 | 2.0 |
The average rating, as shown in the final row of the table, is on a scale from 1 to 5, where 1 indicates a Strong Buy and 5 indicates a Strong Sell. This article incorporates data provided by Zacks Investment Research via Quandl.com. For more insights, get the latest Zacks research report on CVLT — FREE.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
