Clearwater Analytics Holdings ( (CWAN) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Clearwater Analytics Holdings has experienced an uptick in analyst sentiment after acquiring Enfusion, a move seen as transformative for the company. This acquisition is expected to solidify Clearwater’s position as a leading software provider in the investment management sector, creating cross-selling opportunities and increasing pricing leverage. Following this strategic move, analysts, including Michael Infante from Morgan Stanley, have upgraded the stock to a Buy rating, with a new price target set at $34. The merger is expected to drive robust growth, geographic expansion, and significant EBITDA growth.
More about Clearwater Analytics Holdings
YTD Price Performance: -0.44%
Average Trading Volume: 2,652,063
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $7.15B
For further insights into CWAN stock on TipRanks’ Stock Analysis page.
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