CommVault Systems Inc. (CVLT) saw its stock soar 5.07% in Thursday's pre-market trading session, following positive analyst upgrades and ratings.
In a research note, William Blair upgraded CommVault to "Outperform" from "Market Perform", citing the evolving backup and recovery market landscape. Analysts at William Blair believe CommVault is well-positioned to capitalize on this market shift.
Additionally, analysts polled by FactSet have an average "overweight" rating on CommVault shares, with a mean price target of $182.71. This bullish sentiment from Wall Street analysts appears to be driving the stock's upward momentum.
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