Cantor Fitzgerald raised the firm’s price target on CyberArk (CYBR) to $415 from $335 and keeps an Overweight rating on the shares. The firm is bullish on the Venafi opportunity, and thinks the company should be able to deliver +31% top line growth in fiscal 2025 while steadily improving profitability, the analyst tells investors in a research note. Cantor believes the current 12.5x FY25E Sales represents an attractive entry point.
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