Clearwater Analytics Holdings

CWAN · NYSE

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CWAN analyst rating

HoldConsensus of 10 analysts over the last 12 months. 10% rate it a buy.

Strong buy0
Buy1
Hold9
Underperform0
Sell0

12-month price target · 9 analysts

Average $25.03

Low: $24.69
High: $25.78

Upgrades and downgrades

The latest rating actions, newest first

CWAN analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
DA Davidson	May 20, 2026	Maintains	Neutral	$24.55	57%
RBC Capital	Feb 26, 2026	Downgrade	Outperform → Sector Perform	$36.00 → $24.55	51%
DA Davidson	Feb 24, 2026	Maintains	Neutral	$24.55	57%
DA Davidson	Feb 19, 2026	Maintains	Neutral	$24.55	57%
Morgan Stanley	Jan 27, 2026	Downgrade	Overweight → Equal-Weight	$27.00 → $24.55	57%
UBS	Jan 26, 2026	Downgrade	Buy → Neutral	$30.00 → $24.55	45%
DA Davidson	Jan 16, 2026	Downgrade	Buy → Neutral	$30.00 → $24.55	57%
Wells Fargo	Jan 8, 2026	Downgrade	Overweight → Equal-Weight	$27.00 → $24.55	49%
Piper Sandler	Dec 23, 2025	Downgrade	Overweight → Neutral	$27.00 → $24.55	60%
Oppenheimer	Dec 22, 2025	Downgrade	Outperform → Perform	—	46%

The case for and against

Updated Jun 23, 2026

Bull case

Clearwater Analytics Hldg is poised for continued growth and success as it expands its technology platform to encompass the entire investment cycle. With a strong focus on both back-office and front/middle-office functions, Clearwater is well-positioned to serve a diverse client base consisting of insurance companies, asset managers, hedge funds, and corporate treasuries. The recent acquisitions of Enfusion, Beacon, and Bistro have further solidified Clearwater's market position and are expected to contribute to its strong financial performance, with a 72% increase in adjusted EBITDA and 74% increase in total revenue reported in Q1. Despite some integration risks and exposure to market-specific economic conditions, Clearwater's strong track record and competitive differentiation make it a solid investment opportunity.

Bear case

Clearwater Analytics Hldg is a technology platform company that provides back-office, middle-office, and front-office capabilities for insurance companies, asset managers, hedge funds, and corporate treasuries. However, given the pending buy-out, lack of guidance, and potential integration risks from recent acquisitions, there is uncertainty surrounding the company's future performance. In addition, the company's exposure to consolidation in the investment management industry and shifts in investor preferences could impact their revenue and profitability. As such, the financial analyst has a negative outlook on the stock.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.