Mizuho analyst Gregg Moskowitz raised the firm’s price target on CyberArk to $195 from $175 and keeps a Buy rating on the shares following the “strong” Q3 report. The firm continues to view CyberArk as a primary beneficiary of a heightened threat landscape that has amplified the need for privileged access, and identity and secrets management.
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Read More on CYBR:
- CyberArk (NASDAQ:CYBR) Gains as Wedbush Reiterates Confidence Following Q3 Beat
- CyberArk reports Q3 adjusted EPS 42c, consensus 23c
- CyberArk raises FY23 EPS view to 72c-80c from 44c-63c, consensus 55c
- CyberArk sees Q4 EPS 41c-50c, consensus 41c
- CyberArk upgraded to Overweight from Neutral at JPMorgan