D.A. Davidson Reiterates a Buy Rating on Clearwater Analytics Holdings (CWAN), Sets a $36 PT

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) is one of the top NYSE stocks with the highest upside potential. In a report released on July 23, Peter Heckmann from D.A. Davidson reiterated a Buy rating on Clearwater Analytics Holdings, Inc. (NYSE:CWAN) with a price target of $36.00.

Is Clearwater Analytics Holdings Inc. (CWAN) the Best Low Beta Tech Stock to Buy According to Analysts?

A wide shot of a large financial data center.

On July 29, Clearwater Analytics Holdings, Inc. (NYSE:CWAN) announced the expansion of its solutions for existing client Prosperity Life Group and its insurance-focused asset manager, Prosperity Asset Management. The initiative is expected to support their continued growth in mortgage assets, particularly complex residential tranche loans (RTLs).

Management reported that the additional solution has been seamlessly integrated with Prosperity’s existing Clearwater platform and “streamlines mortgage loan operations by providing a single platform for managing the entire mortgage lifecycle—from origination and deal management to analytics, accounting, and reporting”.

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) provides web-based investment portfolio accounting, reporting, and reconciliation services. The company’s operations are divided into the United States and the Rest of World geographical segments.

While we acknowledge the potential of CWAN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CWAN and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.