01:30 PM EDT, 04/30/2025 (MT Newswires) -- Commvault Systems' ( CVLT ) guidance for fiscal 2026 looked prudent and likely better than many had forecast following better-than-expected Q4 results, RBC said in a Tuesday note.

"We liked the continued momentum and acceleration through the year as subscription/SaaS ARR growth remain elevated," RBC analysts, including Dan Bergstrom, said.

The analysts said the firm remained well-positioned around cyber resilience with its cloud platform which continued to benefit from additional products and distribution channels.

RBC raised its price target on the stock to $185 from $175 while keeping its sector perform rating.

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