Canaccord analyst Kingsley Crane raised the firm’s price target on CyberArk (CYBR) to $330 from $310 and keeps a Buy rating on the shares. The firm said CyberArk was firing on all cylinders in a 3Q24 highlighted by 31% yoy ARR growth, 46% subscription ARR growth, 15% EBIT margins, and 21% FCF margins.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CYBR:
- CyberArk price target raised to $345 from $300 at Piper Sandler
- CyberArk price target raised to $345 from $320 at Susquehanna
- CyberArk price target raised to $360 from $310 at JMP Securities
- CyberArk price target raised to $355 from $340 at KeyBanc
- CyberArk price target raised to $350 from $300 at Wells Fargo