Analysts tracking cvlt stock price forecast believe its stable free cash flow and recurring subscription revenue provide upside potential. With SaaS adoption accelerating industry-wide, price targets range from $92 to $98 in the next quarter. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Commvault’s growth outlook is why analysts and institutions like this stock; the balance sheet and cash flow are another. The company has no significant long-term debt and is producing sufficient cash flow to sustain its balance sheet while reinvesting in growth and buying back shares. The buybacks aren’t important yet but are expected to increase over time along with earnings. The share count increased by 0.85% in Q3 despite the repurchases but is offset by equity gains. The company increased its shareholder equity by 3.5%. Price action for cvlt stock supports a forecast breakout, with ATR volatility metrics reducing—an early technical sign of accumulation before a sharp directional move.
