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Why Commvault (CVLT) Stock Is Up Today

CVLT Cover Image

What Happened?

Shares of data protection software company Commvault (NASDAQ: CVLT) jumped 1.8% in the afternoon session after Piper Sandler upgraded the company's stock to Overweight from Neutral and increased its price target. 

The upgrade followed the firm's increased confidence in CommVault's position in the backup and recovery space, noting the company was seeing 'durable demand trends.' The research firm also highlighted CommVault's platform flexibility as a key advantage that allowed it to effectively address various market needs. Piper Sandler adjusted its price target on the shares to $200 from a previous target of $195.

After the initial pop the shares cooled down to $173.67, up 2% from previous close.

Is now the time to buy Commvault? Access our full analysis report here.

What Is The Market Telling Us

Commvault’s shares are very volatile and have had 20 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 3 days ago when the stock dropped 3.5% on the news that President Trump threatened to increase import taxes on Chinese goods, reigniting trade war fears. The threat was in response to China's move to restrict its exports of rare earth minerals, which are critical to high-tech manufacturing in the U.S. The unexpected announcement shattered a monthslong calm on Wall Street, sending major indices tumbling. The S&P 500 dropped around 1.3%, while the tech-heavy Nasdaq Composite fell 2.7%. Investors reacted by selling off stocks, particularly in the technology and retail sectors, amid concerns that escalating trade tensions could disrupt global supply chains and increase costs for companies.

Commvault is up 14.2% since the beginning of the year, but at $173.67 per share, it is still trading 11.1% below its 52-week high of $195.41 from September 2025. Investors who bought $1,000 worth of Commvault’s shares 5 years ago would now be looking at an investment worth $3,971.

Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.

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