CyberArk price target raised to $481 from $410 at RBC Capital

RBC Capital raised the firm’s price target on CyberArk (CYBR) to $481 from $410 and keeps an Outperform rating on the shares. The company posted a strong quarter with all metrics and initial 2025 guidance coming in ahead of consensus, the analyst tells investors in a research note. CyberArk’s Venafi integration is also tracking well after its first quarter, and RBC continues to believe there is upside to estimates throughout the year on an organic and inorganic basis as the Venafi cross-sell motion/product integration matures, the firm added.