Guggenheim keeps Buy on CommVault Systems with $200 target
Guggenheim maintains its Buy rating on CommVault Systems and lifts the target to $200 after a subscription NNARR beat and a raised FY27 ARR outlook.
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what happened
Guggenheim analysts kept a Buy rating on CommVault Systems shares and set a $200 price target. By their estimate, that implies a 15.9% upside from the October 27 close of $172.55. The information comes from TradingView, which cites Benzinga reference data on ratings and price targets.
According to the analysts, CommVault's second-quarter subscription NNARR came in at $51 million, above consensus expectations. The company also raised its FY27 subscription ARR guidance, which Guggenheim sees as a sign of healthy growth and strong profitability potential. The note says this is what prompted the firm to raise its target to $200.
why it matters
Quarterly subscription trends and a higher ARR outlook matter to investors in SaaS companies because they signal revenue durability. However, this is a single analyst's call on one stock and is unlikely to move the broader market.
tags
instruments
sources
- Guggenheim maintains Buy rating on CommVault Systems, $200 price target — TradingView, 28 October 2026 at 13:48 UTC
- Guggenheim maintains Buy rating on Eloxx Pharma, $40 price target — TradingView, 28 October 2026 at 13:46 UTC
- Scotiabank maintains Sector Perform rating on CommVault Systems, $180 price target — TradingView, 28 October 2026 at 16:51 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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