Needham raised the firm’s price target on CyberArk (CYBR) to $410 from $360 and keeps a Buy rating on the shares, which the firm is also naming top pick in Security for 2025 and placing on the Needham Conviction List. Driven by an accelerating threat environment, “robust” new logo growth, upside from Venafi cross-sell and synergies, a favorable consensus model setup, and continued strong execution, shares are “well positioned for sustained momentum” in 2025, the analyst tells investors.
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Read More on CYBR:
- CyberArk price target raised to $375 from $335 at Barclays
- CyberArk price target raised to $373 from $323 at Guggenheim
- CyberArk price target raised to $380 from $345 at Piper Sandler
- CyberArk price target raised to $390 from $360 at DA Davidson
- CyberArk price target raised to $385 from $358 at RBC Capital
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