CyberArk price target raised to $300 from $275 at Wells Fargo

Wells Fargo raised the firm’s price target on CyberArk to $300 from $275 and keeps an Overweight rating on the shares. CyberArk continues to gain share from both legacy and next-gen vendors, and subscription ARR growth remains best-in-class at 60%+, which is fueling operating margin expansion, the analyst tells investors in a research note.