Cleveland Research initiated coverage of CyberArk (CYBR) with a Buy rating and $390 price target The firm, which sees “a number of secular demand drivers,” adds that it is “encouraged” by partner feedback suggesting privilege access management, or PAM, is a priority investment across customers, supporting stronger growth relative to other security categories. Shares of CyberArk are up $9.71, or 3%, to $305.36 in early trading.
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