Scotiabank raised the firm’s price target on CyberArk (CYBR) to $460 from $400 and keeps an Outperform rating on the shares. The company’s Q4 results “nicely outperformed” both top- and bottom-line expectations, the analyst tells investors. Additionally, the company’s free cash flow margin target for 2025 is “impressive” and should nicely support shares, the firm adds.
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