KeyBanc analyst Thomas Blakey raised the firm’s price target on Commvault to $170 from $140 and keeps an Overweight rating on the shares. The firm notes Commvault reported a strong Q1 2025, with 27.5% Subscription growth driven by stronger-than-expected Term license in Q1 2025 and continued strong SaaS/Metallic growth. KeyBanc believes the secular growth opportunity in cyber is in early stages at Commvault with a solid showing in Q1 2025.
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