CyberArk price target raised to $330 from $315 at Jefferies

Jefferies raised the firm’s price target on CyberArk (CYBR) to $330 from $315 and keeps a Buy rating on the shares. Taking a preliminary look at calendar year 2025 top-line consensus estimates across the firm’s U.S. software coverage, the firm acknowledges it remains early with two quarters still left in 2024, and sees “many reasons for top-line growth optimism,” but believes that consensus estimates are “generally too high,” the analyst tells investors. Among the group, the analyst calls out CyberArk and Varonis (VRNS) as “having the most appealing setups” and Okta (OKTA) as having “the most challenging.”