KeyBanc raised the firm’s price target on CyberArk to $265 from $210 and keeps an Overweight rating on the shares. The firm’s new target is based on 10.6-times 2025 revenue and 0.48 EVRG, in line with the more than 20% growth group at 10.7-times 2024 revenue given its view of identity as a top priority within security, success broadening into adjacencies, and strong competitive positioning.
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