Wells Fargo raised the firm’s price target on CyberArk (CYBR) to $500 from $425 and keeps an Overweight rating on the shares. The firm notes CyberArk traded up about 7% intra-day off strong Q4 results. Management also gave a strong guide for FY25, which implies organic ARR growth of about 22%. Wells remains a buyer as the company has the most comprehensive identity platform in the market.
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