Barclays Maintains Overweight on CyberArk Software, Raises Price Target to $330
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Saket Kalia has maintained an Overweight rating on CyberArk Software and increased the price target from $315 to $330.
October 07, 2024 | 6:27 pm
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POSITIVE IMPACT
Barclays has reaffirmed its positive outlook on CyberArk Software by maintaining an Overweight rating and increasing the price target to $330, indicating confidence in the company's future performance.
The increase in price target from $315 to $330 by Barclays suggests a positive outlook on CyberArk's future performance. Maintaining an Overweight rating indicates that the analyst expects the stock to outperform its peers. This is likely to have a positive short-term impact on the stock price as investors may view this as a strong endorsement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100