RBC Capital Maintains a Buy Rating on Clearwater Analytics Holdings (CWAN) With a $36 PT

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) is one of the top oversold NYSE stocks to buy now. On July 20, RBC Capital analyst Rishi Jaluria maintained a Buy rating on Clearwater Analytics Holdings, Inc. (NYSE:CWAN) and set 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.

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) reported record quarterly revenue of $126.9 million in fiscal Q1 2025, up 24% year-over-year. Annualized recurring revenue for the quarter also rose 23% year-over-year to $493.9 million, while net income reached $6.9 million.

Management reported a gross revenue retention rate of 98%, while the net revenue retention rate for fiscal Q1 2025 was 114%.

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) also announced a 40% year-over-year increase in adjusted EBITDA for the quarter, reaching $45.1 million.

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 the 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.