After Piper Sandler and Needham gave KnowBe4 (NASDAQ: KNBE) a Buy rating last month, the company received another Buy, this time from Cowen & Co. Analyst Shaul Eyal reiterated a Buy rating on KnowBe4 today and set a price target of $28.00. The company’s shares closed last Thursday at $17.23.
According to TipRanks.com, Eyal is a top 25 analyst with an average return of 27.0% and a 67.3% success rate. Eyal covers the Technology sector, focusing on stocks such as Evolv Technologies Holdings, CrowdStrike Holdings, and Palo Alto Networks.
Currently, the analyst consensus on KnowBe4 is a Strong Buy with an average price target of $25.80, a 47.5% upside from current levels. In a report released today, Stephens also maintained a Buy rating on the stock with a $25.00 price target.
KnowBe4’s market cap is currently $2.84B and has a P/E ratio of -213.40.
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KnowBe4 Inc has created a security awareness framework that allows businesses to assess, track, and mitigate the ongoing threat of social engineering attacks to their cybersecurity. Security Awareness, Security Orchestration, Automation and Response, Governance, Risk, and Compliance are among the features of its platform. The company derives its revenue from subscription services fees paid by customers for access to its cloud-based platform and content.
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