Stephens Reiterates Buy Rating on Commvault Systems, Inc. (CVLT)
Stephens reaffirms its buy rating on Commvault Systems with a $155 price target, a 23.01% upside from the current price.
Key Points
- Stephens has reiterated its buy rating on Commvault Systems, Inc. (CVLT) and set a price target of $155.
- Stephens's $155 price target implies 23.01% upside from Commvault Systems, Inc.'s ($CVLT) current $126.01 share price.
- Shares of CVLT traded at $127.34, with a market cap of $5.25 billion and a forward P/E of 20.91.
- Stephens' analyst Todd Weller maintains a positive outlook, while the stock remains a buy according to consensus.
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Stephens has reiterated its buy rating on Commvault Systems, Inc. (NasdaqGS: CVLT) with a price target of $155. This update, announced on June 16, 2026, reflects continued confidence in the company's performance.
Commvault Systems, Inc. Stock Down 7.6%
Shares of NasdaqGS:CVLT traded near $127.34. Commvault Systems has a market cap of approximately $5.25 billion and a forward P/E ratio of 20.91. The stock has a 52-week low of $71.75 and a high of $200.68. It holds a beta of 0.821, indicating lower volatility compared to the broader market.
Analysts Set New Price Targets
On June 16, 2026, Stephens & Co. maintained its buy rating for Commvault Systems, setting a price target of $155. Other analysts have varied views: RBC Capital and Scotiabank both maintained a hold rating with a $110 target on April 29, 2026, while Keybanc kept a buy rating with a $125 target. Overall, the consensus remains positive with a buy recommendation and an average target price of $133.87 from 15 analysts.
Other Institutional Activity in Commvault Systems
Several institutional investors have recently adjusted their positions in Commvault Systems. BlackRock, Inc. increased its holdings by 11,876 shares, bringing its total to 5,945,171 shares valued at about $463.07 million. Vanguard Portfolio Management LLC added 3,609,637 shares, ending with the same amount worth approximately $281.15 million. Meanwhile, Acadian Asset Management LLC significantly boosted its stake by 461,889 shares to a total of 1,254,384 shares valued at $97.66 million.
Insider Buying and Selling at Commvault Systems, Inc.
On June 11, 2026, President & CEO Sanjay Mirchandani executed a transaction involving 40,734 shares. Additionally, on May 26, 2026, Chief Accounting Officer Danielle Nicole Abrahamsen sold 277 shares at an average price of $106.70 as part of a planned sale.
About Commvault Systems, Inc.
Commvault Systems, Inc., headquartered in Tinton Falls, New Jersey, provides cyber resiliency solutions for enterprises to protect, secure, and recover data. With a workforce of 3,300 employees, the company offers a range of services, including backup and recovery capabilities, cyber recovery solutions, and cloud storage protection. Under the leadership of CEO Sanjay Mirchandani, Commvault serves clients in multiple regions, including North America, Europe, and Asia.
Bottom Line
Stephens' reaffirmation of a buy rating on Commvault Systems, Inc. underscores confidence in the company's future. With a $155 price target, the stock remains a focus for investors tracking the technology sector. Remember, these analyst ratings are based on past performance and may not reflect current market conditions.
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