Commvault price target raised to $98 from $86 at Lake Street

Lake Street analyst Eric Martinuzzi raised the firm’s price target on Commvault to $98 from $86 and keeps a Hold rating on the shares. The firm, which says it was “pleased with the better than expected Q4 and the upside revenue view for FY25,” has raised its forecast and bumped up the multiple it applies to its estimates after Commvault saw better than expected sales execution in the quarter on continued recovery in demand from large enterprise in both the Americas and Europe.