Keybanc Maintains Overweight on CyberArk Software, Raises Price Target to $265
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Michael Turits has maintained an Overweight rating on CyberArk Software (NASDAQ:CYBR) and increased the price target from $210 to $265. This adjustment suggests a positive outlook on the company's future performance.
January 18, 2024 | 12:36 pm
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POSITIVE IMPACT
Keybanc analyst Michael Turits maintains an Overweight rating on CyberArk Software and raises the price target to $265, indicating a strong positive sentiment towards the company's stock.
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 often lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100