Morgan Stanley ‘more constructive’ on CyberArk after user conference

After having attended CyberArk’s annual user conference, IMPACT, earlier this week, Morgan Stanley tells investors that firm walked away from the event “more constructive,” noting that CIO/CISO attendance was about double year-over-year as CyberArk becomes more strategic in selling a broader platform to their customers. The firm, which also notes that financial targets weren’t given, has an Equal Weight rating and $255 price target on CyberArk shares.