CyberArk price target raised to $175 from $155 at Citi

Citi analyst Fatima Boolani raised the firm’s price target on CyberArk to $175 from $155 and keeps a Buy rating on the shares following the company’s quarterly report. The company’s calendar 2023 year-over-year ARR growth guidance of 29% at the midpoint, which is ahead of consensus, "showcases sustained success, while still appearing prudent," said the firm, adding that it views CyberArk as "the cleanest SMID asset to own in cyber."