Piper Sandler raised the firm’s price target on CyberArk (CYBR) to $380 from $345 and keeps an Overweight rating on the shares. Turning the page to 2025, the firm still sees an active threat landscape buoyed by the threat of GenAI, increased geo-political tensions and broader concerns over protection of critical infrastructure. As the economy has stabilized, Piper notes IT spending intentions improved overall and are particularly strong for cyber, AI and key areas of infrastructure software.
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Read More on CYBR:
- 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
- CyberArk a ‘major beneficiary’ of Treasury hack, says Morgan Stanley
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