CyberArk price target raised to $174 from $165 at Canaccord

Canaccord analyst T. Michael Walkley raised the firm’s price target on CyberArk to $174 from $165 and keeps a Buy rating on the shares. The analyst views CyberArk as a long-term winner in the security software market building on its leadership position in the critical PAM segment with its broadening portfolio that includes IAM, CIEM, DevSecOps, and Endpoint Privilege Manager.