TD Cowen Reiterates Buy Rating on CyberArk Software (CYBR)

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Cantor Fitzgerald Reiterates Overweight Rating on CyberArk Software (CYBR)

May 22, 2024 6:37 AM EDT

Cantor Fitzgerald analyst Yi Fu Lee reiterated an Overweight rating and $300.00 price target on CyberArk Software (NASDAQ: CYBR)

The analyst comments "We reiterate our Overweight rating and maintain our 12-month price target of $300 on shares of CyberArk following our participation in CyberArk's annual conference, IMPACT24, along with the Investor Meeting Track held on Tuesday, May 21 in Music City, Nashville. Key management personnel in attendance were CEO Matt Cohen, CFO Josh Siegel, COO Eduarda Camacho, Chief Strategy Officer Clarence Hinton, and Chief Product... More

JPMorgan Reiterates Overweight Rating on CyberArk Software (CYBR)

May 22, 2024 5:42 AM EDT

JPMorgan analyst Brian Essex reiterated an Overweight rating and $288.00 price target on CyberArk Software (NASDAQ: CYBR)

The analyst comments "We virtually attended CyberArks Investor Strategy Update at IMPACT 24 today where the company discussed its latest products and enhancements, its go-to-market motion, and its... More

Wells Fargo Reiterates Overweight Rating on CyberArk Software (CYBR)

May 22, 2024 5:15 AM EDT

Wells Fargo analyst Andrew Nowinski reiterated an Overweight rating and $300.00 price target on CyberArk Software (NASDAQ: CYBR).

The analyst comments "CyberArk hosted its annual user conference today, where the company launched a new AI engine (CORA AI). The event was sold-out and 60% were... More

CyberArk Software (CYBR) PT Raised to $285 at DA Davidson

May 21, 2024 4:38 PM EDT

DA Davidson analyst Rudy Kessinger raised the price target on CyberArk Software (NASDAQ: CYBR) to $285.00 (from $275.00) while maintaining a Buy rating.

The analyst comments "We attended CYBR's annual customer conference, IMPACT, in Nashville, TN today, including a brief product / strategy oriented... More

Barclays Reiterates Overweight Rating on CyberArk Software (CYBR)

May 21, 2024 6:25 AM EDT

Barclays analyst Saket Kalia reiterated an Overweight rating and $280.00 price target on CyberArk Software (NASDAQ: CYBR)

The analyst comments "Three key points on CyberArk's acquisition of Venafi: (1) CyberArk has agreed to acquire machine identity management vendor Venafi (private) for ~$1.54B with the acquisition... More

Wolfe Research Reiterates Outperform Rating on CyberArk Software (CYBR)

May 20, 2024 12:27 PM EDT

Wolfe Research analyst Alex Zukin reiterated an Outperform rating and $300.00 price target on CyberArk Software (NASDAQ: CYBR)

The analyst comments "What Happened? On Monday morning, CYBR announced that the company had signed a definitive agreement to acquire Venafi, a leader in machine identity management, from PE firm Thoma Bravo for ~$1.54B in cash and CYBR stock (implying a ~10x ARR multiple). The deal is expected to close in the second half of 2024 and likely by mid-3Q according to management. Venafi was a pioneer of the machine identity market, and the acquisition... More