UPDATE: RBC Capital Starts Clearwater Analytics Holdings (CWAN) at Outperform

RBC Capital analyst Rishi Jaluria initiates coverage on Clearwater Analytics Holdings (NYSE: CWAN) with a Outperform rating and a price target of $29.00.

The analyst comments "We are initiating coverage on Clearwater Analytics Holdings Inc. with an Outperform rating and $29 price target. We like shares of Clearwater for four primary reasons: 1) Clearwater’s long runway of legacy displacements, 2) clean vertical story, 3) solid financial profile, and 4) blue chip customer base."

For an analyst ratings summary and ratings history on Clearwater Analytics Holdings click here. For more ratings news on Clearwater Analytics Holdings click here.

Shares of Clearwater Analytics Holdings closed at $25.11 yesterday.

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