Reported about 6 hours ago
Jefferies has increased the price target for CyberArk Software Ltd. (NASDAQ:CYBR) to $480 from $430 while reaffirming its Buy rating. This adjustment reflects confidence in CyberArk's strong market position amid rising cyber threats, supported by a notable 16% annual gain in stock price, 35.12% revenue growth, and a gross profit margin of 77.91%. Jefferies anticipates significant growth in the company's annual recurring revenue driven by new customers, maintenance conversions, and cross-selling opportunities.
Source: YAHOO