Guggenheim raised the firm’s price target on CyberArk (CYBR) to $373 from $323 and keeps a Buy rating on the shares. The firm believes CyberArk should “easily exceed” Q4 subscription and total revenue consensus estimates with solid upside, but sees limited upside to ARR consensus estimates, the analyst tells investors in a group note on the factors likely to affect the Software sector in 2025.
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Read More on CYBR:
- 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
- CyberArk could benefit from recent breach at Treasury, says Rosenblatt
- CyberArk price target raised to $410 from $350 at Wells Fargo
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