UBS Maintains Buy on CyberArk Software, Raises Price Target to $260
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Roger Boyd has reaffirmed a Buy rating on CyberArk Software (NASDAQ:CYBR) and increased the price target from $215 to $260.
January 10, 2024 | 1:40 pm
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POSITIVE IMPACT
UBS analyst Roger Boyd maintains a Buy rating on CyberArk Software and raises the price target from $215 to $260.
The increase in price target by a reputable analyst like Roger Boyd from UBS is a strong positive signal for CyberArk Software. It suggests that the analyst has confidence in the company's future performance and growth potential. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100