Why Commvault Systems Stock Got Slammed Today
Source: Motley Fool
2026-01-20 19:27:10 ET
Cybersecurity and data protection specialist Commvault Systems (NASDAQ: CVLT) couldn't escape the stock market rout on Tuesday. Compounding the generally gloomy investor sentiment prevalent that day, an analyst lowered his price target on the company's equity.
The downgrading party was Truist Securities, in the person of pundit Junaid Siddiqui. That morning, Siddiqui significantly reduced his Commvault price target. He now believes the stock is worth $175 per share, down from his previous estimation of $210. Despite the chop, he maintained his buy recommendation.
Image source: Getty Images.
Commvault Systems Inc.
NASDAQ: CVLT
CVLT Trading
-3.53% G/L:
$78.412 Last:
427,283 Volume:
$81.04 Open:
CVLT Latest News
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February 26, 2026 08:30:00 am
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CVLT Stock Data
$3,841,162,704
43,534,643
1.07%
162
N/A
Software & IT Services
Technology
US
Tinton Falls
