Analyst Shaul Eyal from TD Cowen maintained a Buy rating on CyberArk Software (CYBR – Research Report) and keeping the price target at $450.00.
Shaul Eyal has given his Buy rating due to a combination of factors that highlight CyberArk Software’s strong positioning in the market. The company is expected to surpass first-quarter 2025 revenue estimates, driven by robust demand for its expanding platform that goes beyond its core Privileged Access Management offerings. This expansion includes the recent addition of Identity Governance & Administration capabilities, which enhances its comprehensive Identity and Access Management platform.
Furthermore, CyberArk’s conservative fiscal year 2025 guidance is anticipated to be reiterated or potentially revised upward, reflecting confidence in its performance despite macroeconomic uncertainties. The company’s successful execution, strategic acquisitions, and partnerships, such as the one with Accenture, position it well to meet its long-term targets. These factors, along with the critical nature of its solutions in protecting digital identities, support the Buy rating with a price target of $450.
In another report released on March 31, Truist Financial also maintained a Buy rating on the stock with a $425.00 price target.