Mizuho Reiterates Outperform Rating on CyberArk Software (CYBR)

Mizuho analyst Gregg Moskowitz reiterated an Outperform rating and $450.00 price target on CyberArk Software (NASDAQ: CYBR)

The analyst comments "We attended CYBR's user conference, IMPACT 2025, in Boston yesterday. At the event, CYBR unveiled two new solutions for securing Agentic AI and machine identities, each of which are slated for general availability (GA) around year-end. We believe mgmt did a good job articulating its ability to manage and secure non-human identities at scale, and our belief is that this could serve as a nice tailwind over the medium-to-longer term. Meanwhile, our partner/customer conversations from the event were also favorable for CYBR. More broadly, we remain very impressed by CYBR's consistent execution throughout 2024. We also believe CYBR is positioning to capitalize on much more identity-related budget going forward, and valuation looks attractive to us given the uniqueness of this asset, and the potential for CYBR to deliver even stronger financials going forward. We reiterate our Outperform and $450 PT, and CYBR is our top cybersecurity pick at this time."

For an analyst ratings summary and ratings history on CyberArk Software click here. For more ratings news on CyberArk Software click here.

Shares of CyberArk Software closed at $342.22 yesterday.

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