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Wedbush Keeps Their Buy Rating on CyberArk Software (CYBR)

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Wedbush analyst Daniel Ives maintained a Buy rating on CyberArk Software (CYBRResearch Report) on February 10 and set a price target of $230.00. The company’s shares closed last Monday at $153.18.

According to TipRanks.com, Ives is a top 100 analyst with an average return of 28.9% and a 64.7% success rate. Ives covers the Technology sector, focusing on stocks such as Consensus Cloud Solutions, Palo Alto Networks, and Cognyte Software.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for CyberArk Software with a $200.47 average price target, which is a 29.5% upside from current levels. In a report issued on February 10, FBN Securities also maintained a Buy rating on the stock with a $200.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

CyberArk Software’s market cap is currently $6.09B and has a P/E ratio of -72.40.

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CyberArk Software Ltd. engages in the development, market, and sale of access security software solutions. It operates through the following geographical segments: United States; Israel; United Kingdom; Europe, the Middle East and Africa; and Other. Its products include core privileged access security, application identity and endpoint privilege manager, and Conjur. The company was founded by Udi Mokady and Alon N. Cohen in 1999 and is headquartered in Petach Tikva, Israel.

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