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.
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Read More on CYBR:
- CyberArk (NASDAQ:CYBR) Gains as Wedbush Reiterates Confidence Following Q3 Beat
- CyberArk price target raised to $195 from $175 at Mizuho
- CyberArk price target raised to $210 from $196 at KeyBanc
- CyberArk price target raised to $194 from $180 at Barclays
- CyberArk reports Q3 adjusted EPS 42c, consensus 23c
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