JMP Securities Maintains Market Outperform on CyberArk Software, Raises Price Target to $280
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Trevor Walsh has reaffirmed CyberArk Software's (NASDAQ:CYBR) Market Outperform rating and increased the price target from $195 to $280, indicating a positive outlook on the company's stock.
January 31, 2024 | 6:24 pm
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CyberArk Software's stock rating has been maintained at Market Outperform by JMP Securities, with a significant increase in price target from $195 to $280, suggesting strong confidence in the company's future performance.
The increase in price target by JMP Securities reflects a bullish stance on CyberArk Software, likely due to positive developments or expectations of strong performance. This can lead to increased investor confidence and potential short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100