CyberArk price target raised to $415 from $345 at Rosenblatt

Rosenblatt analyst Catharine Trebnick raised the firm’s price target on CyberArk (CYBR) to $415 from $345 and keeps a Buy rating on the shares. The firm expects CyberArk to report “solid” Q4 results on February 13. It spoke with five of the company’s partners, and four of them emphasized CyberArk’s ongoing leadership in the privileged access management space. This positive feedback, along with a “healthy pipeline,” points to a potential upside, the analyst tells investors in a research note.