Truist Securities Maintains Buy on CyberArk Software, Raises Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Ki Bin Kim has reaffirmed a Buy rating on CyberArk Software (NASDAQ:CYBR) and increased the price target from $210 to $250, indicating a positive outlook on the company's stock.

January 16, 2024 | 7:01 pm
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Truist Securities analyst Ki Bin Kim maintains a Buy rating on CyberArk Software and raises the price target from $210 to $250, suggesting confidence in the company's future performance.
The increase in price target by Truist Securities reflects a strong positive sentiment towards CyberArk Software's stock, which is likely to influence investor perception and could lead to a short-term increase in the stock price. Analyst ratings and price target adjustments are significant drivers of stock price movements, and a raised target from a reputable firm often leads to bullish behavior among investors.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100