Commvault Systems' (CVLT) guidance for fiscal 2026 looked prudent and likely better than many had forecast following better-than-expected Q4 results, RBC said in a Tuesday note.
"We liked the continued momentum and acceleration through the year as subscription/SaaS ARR growth remain elevated," RBC analysts, including Dan Bergstrom, said.
The analysts said the firm remained well-positioned around cyber resilience with its cloud platform which continued to benefit from additional products and distribution channels.
RBC raised its price target on the stock to $185 from $175 while keeping its sector perform rating.
Price: 166.98, Change: -1.76, Percent Change: -1.04
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