DA Davidson analyst Rudy Kessinger raised the firm’s price target on CyberArk to $200 from $185 and keeps a Buy rating on the shares. The company’s Q2 results topped estimates on all fronts, including annualized recurring revenue and subscription ARR, the analyst tells investors in a research note. CyberArk continues to emerge as the leading identity security platform in the market, and its outlook for the second half of the year looks achievable, the firm added.
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