Wells Fargo raised the firm’s price target on CyberArk (CYBR) to $410 from $350 and keeps an Overweight rating on the shares. The firm is also adding the the stock to its Q1 2025 Tactical Idea List. Wells believes the setup for CyberArk heading into 2025 is very positive, as the company is well positioned to outperform expectations in Q1 2025 and for the remainder of the year.
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Read More on CYBR:
- CyberArk a ‘major beneficiary’ of Treasury hack, says Morgan Stanley
- Treasury Department hacked by state-sponsored actor in China, NY Times reports
- CyberArk price target raised to $370 from $335 at Stifel
- CyberArk price target raised to $370 from $355 at Baird
- CyberArk price target raised to $375 from $355 at JPMorgan