DA Davidson Reaffirms 'Neutral' Rating on Clearwater Analytics

Investment firm maintains rating and $24.55 price target on the financial software company.

Published on Mar. 1, 2026

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DA Davidson has reaffirmed its 'neutral' rating on shares of Clearwater Analytics (NYSE:CWAN), a global provider of investment portfolio accounting, reporting, and analytics software. The investment firm maintained its $24.55 price target on the stock.

Why it matters

Clearwater Analytics is a leading financial technology company that provides cloud-based software solutions to institutional investors such as insurers, asset managers, and corporations. The firm's rating and price target assessment from DA Davidson provides insight into Wall Street's current view on the company's growth prospects and valuation.

The details

In its report, DA Davidson cited Clearwater Analytics' strong market position and product offerings, but also noted ongoing competitive pressures and valuation concerns. The firm's neutral rating suggests it believes the stock is fairly valued at current levels.

  • DA Davidson issued its report on Thursday, February 20, 2026.

The players

Clearwater Analytics

A global provider of web-based investment portfolio accounting, reporting, and analytics solutions. The company's software-as-a-service platform automates complex processes involved in investment data aggregation, reconciliation, valuation, and regulatory reporting.

DA Davidson

An investment firm that provides research coverage and a 'neutral' rating on shares of Clearwater Analytics.

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The takeaway

Clearwater Analytics' neutral rating from DA Davidson suggests the investment firm sees the company as fairly valued, despite its strong market position in the financial technology space. Investors will likely continue to monitor Clearwater's competitive positioning and financial performance as it navigates the evolving institutional investment management landscape.