Michael Infante, an analyst from Morgan Stanley, maintained the Buy rating on Clearwater Analytics Holdings (CWAN – Research Report). The associated price target remains the same with $34.00.
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Michael Infante’s rating is based on Clearwater Analytics Holdings’ impressive revenue growth and potential for further expansion. The company has consistently exceeded its revenue projections, beating the high-end of its outlook for several quarters. This track record suggests a robust growth trajectory that is anticipated to continue into 2025, with expectations of over 20% revenue growth, surpassing previous estimates.
Additionally, Clearwater Analytics is still in the early stages of cross-selling and implementing price increases, which presents further opportunities for growth in their annual recurring revenue. The integration with Enfusion is expected to enhance platform scaling, and the strong medium-term pricing model adds to the confidence in the company’s potential. As such, these factors collectively underpin the Buy rating for Clearwater Analytics Holdings.
According to TipRanks, Infante is a 3-star analyst with an average return of 20.5% and a 100.00% success rate. Infante covers the Technology sector, focusing on stocks such as nCino, Clearwater Analytics Holdings, and Q2 Holdings.
In another report released on February 12, D.A. Davidson also maintained a Buy rating on the stock with a $32.00 price target.