Oppenheimer analyst Ittai Kidron raised the firm’s price target on CyberArk to $195 from $180 and keeps an Outperform rating on the shares. CyberArk delivered solid Q2 results, beating consensus estimates behind robust demand and consistent execution on its up-sell/cross-sell motion, the analyst tells investors in a research note. The firm believes CyberArk can continue to deliver solid results behind strong sales execution and demand for its identity security platform.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CYBR:
- CyberArk price target raised to $185 from $174 at Canaccord
- CyberArk price target raised to $196 from $194 at KeyBanc
- CyberArk price target raised to $180 from $178 at Barclays
- DA Davidson technology analyst to hold an analyst/industry conference call
- CyberArk price target raised to $175 from $165 at Wolfe Research