DA Davidson analyst Rudy Kessinger keeps a Buy rating and $215 price target on CyberArk while adding the stock to the firm’s Best-of-Breed Bison initiative that seeks to identify the highest quality companies with “strong competitive positioning and exceptional financials”. The firm is positive on the company’s “strong and improving” market leadership position in a $50B identity security total addressable market, exceptional financials with high margins, a strong balance sheet, and ROE and free cash flow margins that are likely to return to top quartile marks post the SaaS transition. The analyst also cites CyberArk’s strong management team that has a long track record of high performance.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CYBR:
- Cantor cybersecurity analyst to hold analyst/industry conference call
- CyberArk management to meet with Piper Sandler
- CyberArk price target raised to $215 from $190 at Citi
- CyberArk (NASDAQ:CYBR) Gains as Wedbush Reiterates Confidence Following Q3 Beat
- CyberArk price target raised to $215 from $200 at DA Davidson