Commvault receives Buy rating due to its data protection position: Truist (CVLT:NASDAQ)

Core Viewpoint - Truist Securities initiated coverage of Commvault Systems (NASDAQ:CVLT) with a Buy rating, highlighting the company's potential to benefit from the increasing significance of data security [2] Summary by Category Company Overview - Commvault Systems is positioned to capitalize on the growing importance of data security, which is a critical factor in the current market landscape [2] Stock Performance - Truist set a price target of $230 for Commvault's stock, indicating a positive outlook for the company's future performance [2] - Following the initiation of coverage, shares of Commvault were up 4% [2]