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Investing.com - DA Davidson has reiterated its Buy rating on CommVault Systems (NASDAQ:CVLT) with a price target of $220.00, following the company’s annual user event, SHIFT, held in New York City. This target represents a significant 75% upside from the current price of $125.65, at a time when the stock has declined nearly 30% over the past six months and is trading near its 52-week low.
The firm highlighted CommVault’s new Cloud Unity Platform as the key announcement from the event. This platform enables centralized management of resilience operations across all environments, potentially strengthening the company’s service offerings.
While DA Davidson expects no material financial contribution from this new platform in fiscal year 2026, the firm believes it will drive greater coverage of Software-as-a-Service (SaaS) workloads with existing on-premise customers over time. Despite recent stock weakness, CommVault maintains impressive 81.5% gross profit margins and has been profitable over the last twelve months.
The analyst’s assessment came after attending the afternoon investor track at the SHIFT event, which included a customer and partner panel along with a management Q&A session. Travel issues prevented attendance at the keynote address and limited customer and partner interactions.
DA Davidson maintained its positive outlook on CommVault Systems, keeping both its Buy recommendation and $220 price target unchanged following the event.
In other recent news, Commvault has introduced its Cloud Unity platform, which centralizes resilience operations across various cloud environments, data centers, and edge locations. This new platform is designed to enhance data protection for enterprises with AI-enabled discovery and classification features. At the company’s annual user conference, SHIFT, Commvault unveiled several new offerings, including Synthetic Recovery and new Identity Resilience features, while also announcing support for third-party platforms like Snowflake.
Furthermore, Commvault has expanded its Identity Resilience portfolio to include new capabilities for detecting threats in Active Directory and auditing changes. The company has also integrated its Active Directory forest recovery with Cleanroom Recovery, allowing organizations to test recovery plans in isolated settings. Piper Sandler has reiterated its Overweight rating on Commvault, maintaining a price target of $186.00, following these recent developments.
Commvault also announced a set of cyber recovery innovations, including enhanced Threat Scan capabilities and automated Cleanroom Recovery. These solutions aim to help organizations restore trusted data after cyberattacks. Additionally, Commvault will showcase its cyber resilience solutions at the upcoming Microsoft Ignite event, where it will feature products such as Cloud Rewind and Air Gap Protect.
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