Oppenheimer analyst Param Singh initiated coverage on Commvault Systems, Inc. CVLT with an Outperform rating and a price forecast of $200.According to the analyst, Commvault is benefiting from the increasing importance of data, which is driving growth in backup storage total addressable market.The company is also gaining from the rise in data security breaches and ransomware attacks, which create new revenue opportunities, Singh adds.As a leading provider of Backup-as-a-Service (BaaS) and Disaster Recovery- ...