BTIG analyst Gray Powell raised the firm’s price target on CyberArk to $325 from $310 and keeps a Buy rating on the shares. The analyst is citing “positive” feedback from the firm’s recent conversations with privilege account management – PAM – industry contacts, the analyst tells investors in a research note. Demand appears to be consistent with that of Q2 as the contacts highlighted continued momentum in the PAM market and an increase in large deal activity, the firm added.
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