CyberArk price target raised to $450 from $410 at Citi

Citi raised the firm’s price target on CyberArk (CYBR) to $450 from $410 and keeps a Buy rating on the shares. The company offered a “confident, but not overly-ambitious, tone” as its analyst day alongside “realistically-beatable” new 2028 financial targets, the analyst tells investors in a research note. The firm has a “positive upside bias” on the shares, recommending CyberArk as “one of the cleanest, highest-quality names to own in cyber.”