CyberArk price target raised to $325 from $300 at Wedbush

Wedbush raised the firm’s price target on CyberArk to $325 from $300 and keeps an Outperform rating on the shares. The firm cites its increased confidence in the company’s growth story into 2025. With significant focus on the cyber industry given the expanding cyber threat landscape especially with the emergence of AI creating more sophisticated malware, identities remain a priority for CIOs and CISOs to protect with elevated challenges and complexities posed against all organizations.