CyberArk price target raised to $220 from $210 at Stephens

Stephens raised the firm’s price target on CyberArk to $220 from $210 and keeps an Overweight rating on the shares. The company delivered “another impressive quarter” that beat expectations, the analyst tells investors. Despite continued macro uncertainty, the company called Q3 on of its best quarters and saw a significant step up in demand, accelerated bookings growth, stronger execution, and a firming of the macro environment, Stephens adds.