Commvault named ‘top pick for 2025’, price target raised to $195 at DA Davidson

DA Davidson raised the firm’s price target on Commvault (CVLT) to $195 from $185 and keeps a Buy rating on the shares. The firm is also naming the stock its “top pick for 2025”, stating that despite outperforming the Tech Software ETF IGV by 66% last year, the stock still trades at just 6% enterprise value to expected forward revenue. Commvault’s strong competitive position in the enterprise segment of the market, SaaS capabilities, and market opportunity remain significantly underappreciated, the analyst tells investors in a research note.