BTIG initiated coverage of CyberArk with a Buy rating and $317 price target. Following field checks with customers, partners, and industry analysts, the firm sees multiple factors driving continued growth in the privilege account management market, where it notes CyberArk holds “a strong leadership position” and is gaining share.
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Read More on CYBR:
- DA Davidson cybersecurity analysts hold analyst/industry conference call
- CyberArk announces two of its SaaS offerings achieve FedRAMP high ATO status
- CyberArk price target raised to $315 from $300 at BofA
- CyberArk management to meet virtually with Rosenblatt
- CyberArk management to meet with Oppenheimer
