Rosenblatt analyst Catharine Trebnick initiated coverage of CyberArk with a Buy rating and $175 price target, citing the company’s "strong competitive position"and accelerated transition to a subscription model, which the firm sees warranting a premium valuation relative to peers. The firm’s talks with CISOs shows that many organizations have not built PAM into their Zero Trust security posture, "which suggests a long runway," the analyst added.
Published first on TheFly
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