CyberArk price target raised to $300 from $265 at Rosenblatt

Rosenblatt analyst Catharine Trebnick raised the firm’s price target on CyberArk to $300 from $265 and keeps a Buy rating on the shares following the company’s “strong results and the positive outlook.” CyberArk’s “impressive” Q4 results and calendar year 2024 guidance highlights continued robust demand for its Privileged Access Management, or PAM, solutions and broader platform, the analyst added.