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. 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. also announced a 40% year-over-year increase in adjusted EBITDA for the quarter, reaching $45.1 million.

Clearwater Analytics Holdings, Inc. 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.

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This article is originally published at Insider Monkey.