William Blair analyst Jonathan Ho has maintained their bullish stance on CYBR stock, giving a Buy rating today.
Jonathan Ho has given his Buy rating due to a combination of factors including CyberArk’s strategic positioning and growth potential. The company is seen as a platform story, with recent acquisitions like Venafi and Zilla expanding its capabilities across both human and machine identities. This positions CyberArk uniquely to address the security challenges posed by the emerging agentic AI technology, which is expected to be transformative for enterprises.
CyberArk’s solutions are well-aligned to meet these challenges, and the adoption of agentic AI could drive further standardization on its platform. The firm’s strategy to grow its annual recurring revenue to $2.3 billion by 2028, without factoring in potential upside from agentic AI, suggests significant growth potential. Additionally, CyberArk’s partnership with Accenture is expected to aid companies in adopting agentic AI, further enhancing its market position.
According to TipRanks, Ho is a 4-star analyst with an average return of 13.2% and a 55.00% success rate. Ho covers the Technology sector, focusing on stocks such as CyberArk Software, Cellebrite DI, and Akamai.
In another report released today, Barclays also maintained a Buy rating on the stock with a $450.00 price target.