JP Morgan Maintains Overweight on CyberArk Software, Raises Price Target to $248
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Brian Essex has maintained an Overweight rating on CyberArk Software (NASDAQ:CYBR) and increased the price target from $207 to $248.
December 11, 2023 | 4:01 pm
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POSITIVE IMPACT
CyberArk Software's Overweight rating is maintained by JP Morgan, with a raised price target from $207 to $248, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like JP Morgan typically signals a strong conviction in the company's future performance and growth potential. This can lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100