JP Morgan Upgrades CyberArk Software to Overweight, Raises Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Brian Essex has upgraded CyberArk Software (NASDAQ:CYBR) from Neutral to Overweight and raised the price target from $182 to $200.
October 17, 2023 | 10:36 am
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POSITIVE IMPACT
CyberArk Software has been upgraded to Overweight from Neutral by JP Morgan, with a raised price target of $200, up from $182.
The upgrade from JP Morgan is a positive signal for CyberArk Software. It indicates that the analyst believes the company's stock will outperform its sector in the near term. The raised price target also suggests that the analyst sees more upside potential in the stock, which could lead to increased investor interest and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100