Clarivate (CLVT) Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Clarivate in the last year. There are currently 2 sell ratings, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CLVT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CLVT, but not buy additional shares or sell existing shares.
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8 Wall Street research analysts have issued 1 year target prices for Clarivate's shares. Their CLVT share price forecasts range from $6.00 to $11.00. On average, they expect the company's stock price to reach $8.31 in the next twelve months. This suggests a possible upside of 23.9% from the stock's current price.
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Clarivate's stock was trading at $8.34 at the start of the year. Since then, CLVT shares have decreased by 19.5% and is now trading at $6.71.
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Clarivate saw a increase in short interest in September. As of September 15th, there was short interest totaling 53,720,000 shares, an increase of 6.4% from the August 31st total of 50,490,000 shares. Based on an average daily volume of 6,260,000 shares, the days-to-cover ratio is currently 8.6 days. Currently, 12.9% of the company's shares are short sold.
View Clarivate's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our CLVT earnings forecast.

Clarivate Plc (NYSE:CLVT) posted its quarterly earnings data on Thursday, August, 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02. The business earned $668.80 million during the quarter, compared to analysts' expectations of $673.97 million. Clarivate had a negative net margin of 159.90% and a positive trailing twelve-month return on equity of 9.65%. Clarivate's revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.19 EPS.

iShares MSCI USA Size Factor ETF holds 68,505 shares of CLVT stock, representing 0.20% of its portfolio.

Clarivate updated its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of $0.77-$0.83 for the period, compared to the consensus EPS estimate of $0.83. The company issued revenue guidance of $2.60 billion-$2.67 billion, compared to the consensus revenue estimate of $2.68 billion.

Clarivate trades on the New York Stock Exchange (NYSE) under the ticker symbol "CLVT."

Shares of CLVT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CLVT stock can currently be purchased for approximately $6.71.

Clarivate (NYSE:CLVT) has a market capitalization of $4.54 billion and generates $2.61 billion in revenue each year. The company earns $-3,960,200,000.00 in net income (profit) each year or ($6.37) on an earnings per share basis.

The company employs 11,800 workers across the globe.

Clarivate's mailing address is 160 Blackfriars Road, London X0, SE1 8EZ. The official website for the company is www.clarivate.com. The company can be reached via phone at 442074334000 or via email at investor.relations@clarivate.com.