KeyBanc raised the firm’s price target on CyberArk (CYBR) to $400 from $355 and keeps an Overweight rating on the shares ahead of quarterly results. Following the firm’s Q4 IT VAR survey, KeyBanc is encouraged by a potentially strong Q4 budget flush benefiting its coverage broadly. Based on its checks, the firm is most positive on Q4 performance from Check Point (CHKP), further billings acceleration for Fortinet (FTNT), and continued strong momentum for CyberArk with potential upside from Venafi.
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 $410 from $355 at Citi
- CyberArk price target raised at Cantor Fitzgerald, sees attractive entry point
- CyberArk, Microsoft team for identity speeds identification, cyber threats
- Here’s Why Needham Named CyberArk a Top Pick in Security for 2025
- CyberArk price target raised, named 2025 top pick in Security at Needham
Questions or Comments about the article? Write to editor@tipranks.com