Wells Fargo analyst Andrew Nowinski raised the firm’s price target on CyberArk (CYBR) to $425 from $410 and keeps an Overweight rating on the shares. The firm notes CyberArk is its top Tactical Q1 2025 idea, as Wells believes the upcoming Analyst Day on February 24 will serve as a catalyst, where management will likely provide more insight around the growth expectations for Venafi and the core organic business. The firm expects management to guide to 2025 ARR of at least $1.38B, as it will take a few quarters for Venafi to ramp up.
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