CyberArk Software Analysts Boost Their Forecasts After Strong Q2 Results
Portfolio Pulse from Lisa Levin
CyberArk Software Ltd reported better-than-expected Q2 FY23 results and issued FY23 earnings guidance above estimates. The company's shares jumped 13% following the announcement. Several analysts, including those from Needham, Keybanc, Rosenblatt, Wolfe Research, and Barclays, raised their price targets on CyberArk.
August 11, 2023 | 11:29 am
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CyberArk's strong Q2 results and raised FY23 guidance led to a surge in its stock price and raised price targets from analysts.
CyberArk's better-than-expected Q2 results and raised FY23 guidance are positive news for the company, leading to a surge in its stock price. This is further reinforced by several analysts raising their price targets on the company, indicating a positive outlook for the stock.
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