Gregg Moskowitz, an analyst from Mizuho Securities, reiterated the Buy rating on CyberArk Software (CYBR – Research Report). The associated price target remains the same with $450.00.
Gregg Moskowitz has given his Buy rating due to a combination of factors that highlight CyberArk Software’s strong market positioning and growth potential. The company’s identity-centric security platform is well-aligned with the increasing demand to secure various types of identities, a need that is expected to grow significantly. Additionally, the recent acquisitions of Venafi and Zilla are seen as strategic moves that enhance CyberArk’s capabilities and market reach, particularly in the areas of machine identity security and identity governance.
Furthermore, CyberArk’s management has set ambitious yet achievable targets for 2028, including a total ARR of approximately $2.3 billion, which reflects a healthy compound annual growth rate. The company’s consistent execution and the potential for stronger financial performance make its valuation appear reasonable. Moskowitz also notes that CyberArk is positioned to benefit from increased identity-related spending and anticipates the introduction of an innovative AI solution, further solidifying its competitive edge.
In another report released today, Barclays also maintained a Buy rating on the stock with a $450.00 price target.