KeyBanc raised the firm’s price target on CyberArk (CYBR) to $485 from $400 and keeps an Overweight rating on the shares following a strong Q4 ARR beat and 2025 guide above. The firm remains positive on CyberArk given strong execution, identity a top priority, still-strong growth in core PAM and emerging products, meaningful opportunity to accelerate Venafi NT, and conservatism in the guidance with organic net new ARR down about 5% year-over-year.
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