Keybanc Maintains Overweight Rating for CyberArk Software: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Keybanc has reaffirmed its Overweight rating on CyberArk Software (NASDAQ:CYBR) and increased its price target from $210.00 to $265.00. CyberArk's shares have risen 1.42% in the last 24 hours to $230.19. The new price target suggests a potential upside of 15.12% from the current price. CyberArk provides IT security solutions, with a focus on protecting privileged accounts and credentials. The majority of its revenue comes from the United States.
January 18, 2024 | 5:00 pm
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Keybanc maintains Overweight rating on CyberArk Software, raising price target to $265. Current trading at $230.19, the new target indicates a 15.12% potential upside.
The reaffirmation of the Overweight rating and the increase in price target by Keybanc are strong positive signals for investors, suggesting confidence in CyberArk's future performance. The 15.12% potential upside to the new target price is significant and could lead to increased investor interest and a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100