William Blair analyst Dylan Becker has maintained their bullish stance on CWAN stock, giving a Buy rating on March 5.
Dylan Becker has given his Buy rating due to a combination of factors that highlight Clearwater Analytics Holdings’ strategic acquisitions and their potential impact on the company’s growth. Clearwater’s recent acquisitions of Beacon and Bistro for a combined $685 million are seen as significant enhancements to its end-to-end platform capabilities. These acquisitions are expected to bolster Clearwater’s position in the investment management operations sector by integrating Beacon’s cross-asset-class modeling and risk analytics and Bistro’s portfolio visualization software.
These strategic moves are anticipated to strengthen Clearwater’s competitive edge, particularly in addressing the growing importance of alternative assets and the complexities of asset ownership. Furthermore, the backing of industry leaders such as Blackstone and PIMCO is expected to deepen strategic partnerships and drive product development in alternative and risk management spaces. These factors collectively contribute to a positive long-term outlook for Clearwater, justifying the Buy rating.
In another report released on March 5, Morgan Stanley also maintained a Buy rating on the stock with a $36.00 price target.