Citi raised the firm’s price target on CyberArk to $215 from $190 and keeps a Buy rating on the shares. The analyst says the Q3 reporting season in North America systems software leaves a mixed set of data points about the software demand backdrop and prospects for spending recovery into year-end. The 2024 cyber budget cadence “remains a hot button despite attractive secular dynamics,” the analyst tells investors in a research note.
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Read More on CYBR:
- CyberArk management to meet with Piper Sandler
- CyberArk (NASDAQ:CYBR) Gains as Wedbush Reiterates Confidence Following Q3 Beat
- CyberArk price target raised to $215 from $200 at DA Davidson
- CyberArk price target raised to $220 from $210 at Stephens
- CyberArk price target raised to $200 from $190 at Baird
