Jefferies Initiates Coverage On CyberArk Software with Buy Rating, Announces Price Target of $240
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Joseph Gallo has initiated coverage on CyberArk Software (NASDAQ:CYBR) with a Buy rating and set a price target of $240. This new coverage could influence investor sentiment and potentially impact the stock's performance in the short term.
December 15, 2023 | 11:43 am
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Jefferies has initiated coverage on CyberArk Software with a Buy rating and a price target of $240, which may positively affect the stock's short term performance.
Analyst ratings, especially from reputable firms like Jefferies, can significantly influence investor perception and stock prices. A Buy rating combined with a high price target suggests a strong bullish outlook for CyberArk Software, which could lead to increased investor interest and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100