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Tinton Falls Today
By the People, for the People
Robert W. Baird Cuts CommVault Systems Price Target
Analyst firm reduces price target for software maker from $185 to $160
Apr. 16, 2026 at 6:20am
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As data management software firms navigate a competitive landscape, the physical hardware that powers their solutions remains a critical, if often overlooked, component of the industry.Tinton Falls TodayInvestment firm Robert W. Baird has lowered its price target for CommVault Systems (NASDAQ:CVLT) from $185 to $160 per share, while maintaining an outperform rating on the stock. The move comes as the software company faces a mixed analyst outlook, with some firms upgrading the stock while others have issued downgrades or reduced their price targets.
Why it matters
CommVault is a leading provider of data protection and information management software, serving enterprises that need to manage, protect, and activate their data across on-premises and cloud environments. The company's performance and outlook are closely watched as indicators of broader trends in the data management and enterprise software sectors.
The details
In its report, Robert W. Baird cited a number of factors behind the reduced price target, including increased competition and pricing pressure in the data management market. The firm maintained its outperform rating, however, suggesting it still sees upside potential in CommVault's business despite the near-term challenges.
- The price target reduction was issued on Monday, April 16, 2026.
The players
Robert W. Baird
An investment management and capital markets firm that provides research coverage on CommVault Systems.
CommVault Systems
A global provider of data protection and information management software, headquartered in Tinton Falls, New Jersey.
The takeaway
The reduced price target from Robert W. Baird reflects the competitive pressures facing CommVault in the data management software market, even as the firm maintains an optimistic long-term view on the company's prospects. Investors will be watching closely to see how CommVault navigates these challenges and whether it can regain momentum in the quarters ahead.
