CyberArk price target raised to $360 from $310 at JMP Securities

JMP Securities analyst Trevor Walsh raised the firm’s price target on CyberArk (CYBR) to $360 from $310 and keeps an Outperform rating on the shares. CyberArk reported strong Q3 results, exceeding all guided metrics, the analyst tells investors in a research note. The firm views the CFO transition favorably as the new CFO has spent almost as much time at CyberArk as the outgoing CFO, and anticipates a smooth transition.