Commvault Systems (CVLT) Remains a Strong Buy

Core Insights - Commvault Systems, Inc. (NASDAQ:CVLT) is identified as one of the software stocks with significant upside potential, despite a recent price target reduction by KeyBanc from $185 to $152, which still implies a 22.5% upside from current levels [1] - The company is recognized for its strong position in the cybersecurity sector, with analysts noting its adaptability to modern data protection needs and ongoing transformation towards a Software-as-a-Service model [4][5] Price Target Adjustments - KeyBanc's price target revision reflects a decline in valuation multiples among competitors and increased caution regarding security-related spending budgets [2] - RBC Capital maintained a price target of $167, suggesting a 31.31% upside from current levels, while reaffirming a Buy rating [3] - Stephens initiated coverage with a Buy rating and a price target of $162, indicating a 30.6% upside potential [4] Company Overview - Commvault Systems, Inc. is a cyber-resilience platform provider that focuses on data protection and recovery for cloud-native applications, operating both in the Americas and internationally [5]