BTIG raised the firm’s price target on CyberArk (CYBR) to $407 from $351 and keeps a Buy rating on the shares as part of a broader research note on Security and Infrastructure Software. The firm notes that its checks with contacts at large organizations indicate that Q4 spending trends were fairly solid. BTIG adds that it sees the company as the best positioned vendor in the identity market, though it has also reduced its 2025 revenue forecasts by just over 2% due mainly to conservatism in our Venafi growth assumptions.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CYBR:
- CyberArk price target raised to $400 from $340 at Scotiabank
- CyberArk price target raised to $410 from $385 at RBC Capital
- CyberArk price target raised to $400 from $355 at KeyBanc
- CyberArk price target raised to $410 from $355 at Citi
- CyberArk price target raised at Cantor Fitzgerald, sees attractive entry point