CyberArk price target raised to $475 from $390 at DA Davidson

DA Davidson analyst Rudy Kessinger raised the firm’s price target on CyberArk (CYBR) to $475 from $390 and keeps a Buy rating on the shares. The company delivered yet another strong beat and guided 2025 ahead on all fronts, the analyst tells investors in a research note. Annual recurring revenue – ARR – was nicely ahead of consensus, while the organic standalone CyberArk ARR growth was up 30%, the firm notes, adding that the company’s platform momentum continues to gain traction, with a number of large, 7-figure platform deals called out as well as a record quarter for Secrets.