Canaccord, Piper raise Claritev targets after Q3 beat, shares jump
- Q3 revenue hit $268.3M, up 9.1% YoY, beating estimates; company raised FY26 guidance and gave $1.1B 2027 view.
- Stock closed +5.7% Monday after volatile earnings reaction, then rallied further Tuesday from the open.
- Canaccord Genuity lifted its target to $47 from $43 and kept a Buy rating, citing broad 3Q strength.
- Piper Sandler raised its target to $82 around 10:48 AM ET, adding to positive analyst follow-through.
- Guggenheim reiterated a Buy; volume ran about 5x average as the stock reversed an early dip.
- No company press release or new SEC filing appeared Tuesday; Finviz listed no headlines since Monday close.
- Broad market was strong, with Russell 2000 up over 3%, amplifying the small-cap move.
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