CVLT Price Prediction Next Week
Analysis and Insights
News Sentiment and Recent Developments:
Insider Activity: Gary Merrill, Chief Commercial Officer of $CVLT, sold 962 shares, reducing his holdings by 1.1%. This is part of a trend with 51 insider sales in the past six months and no purchases, indicating potential insider caution.
Institutional Movements: Institutional investors are divided, with 223 increasing positions and 216 decreasing, reflecting mixed sentiment.
Stock Upgrade: William Blair upgraded $CVLT to Outperform, highlighting strong quarterly results and improved outlook, driven by the growing importance of backup and recovery technology in cybersecurity.
Stock Performance: $CVLT surpassed its average analyst target price of $177, trading at $179.31, prompting analysts to consider target adjustments.
Technical Analysis:
- RSI (14): 35.25, indicating potential oversold conditions.
- MACD: Negative but showing a bullish crossover signal.
- Fibonacci Levels: Support at $153.14, resistance at $172.99.
Price Forecast:
Given the bullish upgrade and oversold RSI, $CVLT is expected to rise to $172.99 next week.
Recommendation:
Buy at current levels, targeting $172.99, with a stop-loss at $153.14.
CVLT Similar Chart Price Prediction
The price of CVLT is predicted to go up 8.56%, based on the high correlation periods with ALEX. The similarity of these two price pattern on the periods is 95.59%.
CVLT
ALEX
Up: 8.56%Similarity: 95.59%
CVLT Revenue Forecast
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CVLT Analyst's Forecast
Jason Ader
William Blair
Hold → Buy
2025-01-30
Price Target
n/a
Downside
0%
William Blair upgraded Commvault to Outperform from Market Perform.
Eric Heath
Keybanc
Buy
2025-01-16
Price Target
$192
Upside
+18.73%
Thomas Blakey
Cantor Fitzgerald
Hold
2025-01-16
Price Target
$159
Upside
+8.3%
