DA Davidson raised the firm’s price target on CyberArk to $315 from $285 and keeps a Buy rating on the shares. The company delivered a strong Q2 across the board, with annual recurring revenue and free cash flow upside “impressing”, the analyst tells investors in a research note. The firm continues to see 30% annual revenue growth target as “achievable this year”.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CYBR: