DA Davidson Maintains Buy on CyberArk Software, Lowers Price Target to $275
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Rudy Kessinger maintains a Buy rating on CyberArk Software (NASDAQ:CYBR) but lowers the price target from $300 to $275.

May 03, 2024 | 6:34 pm
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CyberArk Software's Buy rating is maintained by DA Davidson, though the price target is reduced from $300 to $275.
The maintenance of a Buy rating suggests a positive outlook on CyberArk Software by DA Davidson, indicating confidence in the company's fundamentals or growth prospects. However, the reduction in the price target could reflect adjustments in valuation metrics, market conditions, or slightly tempered expectations on future performance. This mixed signal might lead to a neutral short-term impact on the stock price, as the market digests both the continued endorsement and the lowered expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100