CyberArk price target raised to $300 from $250 at Truist

Truist raised the firm’s price target on CyberArk to $300 from $250 and keeps a Buy rating on the shares. The company delivered “impressive execution” with its Q4 earnings and ARR beat, the analyst tells investors in a research note. Truist adds that it is encouraged by CyberArk’s resilient performance which reaffirms its belief in the “long-term setup for durable growth and margin expansion” for the company.