Andrew Nowinski, an analyst from Wells Fargo, maintained the Buy rating on CyberArk Software. The associated price target remains the same with $500.00.
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Andrew Nowinski has given his Buy rating due to a combination of factors that highlight CyberArk Software’s strong growth potential and market positioning. The company is expected to report robust second-quarter results, with revenue and annual recurring revenue (ARR) likely to exceed consensus expectations. This anticipated performance is supported by the company’s strong demand for its core Privileged Access Management (PAM) solution, which has been a key driver in securing large deals.
Moreover, CyberArk’s strategic initiatives, such as the introduction of new products like Venafi, Zilla, and Agentic AI, are expected to contribute to future growth, potentially accelerating ARR into the low to mid-20s in fiscal year 2026 and beyond. The company’s subscription ARR is growing impressively at over 60% year-over-year, indicating strong market demand and successful customer acquisition. Additionally, CyberArk’s innovative Secure AI Agents solution positions it as a first-mover in the AI agent space, further enhancing its growth prospects. These factors collectively underpin Nowinski’s confidence in CyberArk’s ability to deliver sustained growth, justifying the Buy rating.
According to TipRanks, Nowinski is a 5-star analyst with an average return of 16.7% and a 55.70% success rate. Nowinski covers the Technology sector, focusing on stocks such as CyberArk Software, Zscaler, and Gen Digital.
In another report released on July 22, Cantor Fitzgerald also maintained a Buy rating on the stock with a $420.00 price target.