Oppenheimer Maintains Outperform on CyberArk Software, Raises Price Target to $260
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Shaul Eyal has maintained an Outperform rating on CyberArk Software (NASDAQ:CYBR) and increased the price target from $195 to $260, indicating a positive outlook on the company's stock.
January 08, 2024 | 6:03 pm
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Oppenheimer analyst Shaul Eyal reaffirmed an Outperform rating on CyberArk Software and raised the price target to $260, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's growth prospects and financial health. This can lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100