BofA raised the firm’s price target on CyberArk (CYBR) to $355 from $335 and keeps a Buy rating on the shares following what the firm calls “another strong quarter of outperformance.” While contending that “the stock is priced for perfection,” the firm continues to have conviction in CyberArk’s ability to consistently deliver strong results and adjusted its estimates to reflect the updated outlook from management that includes the closing of the Venafi acquisition.
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Read More on CYBR:
- CyberArk price target raised to $358 from $328 at RBC Capital
- CyberArk price target raised to $360 from $315 at DA Davidson
- CyberArk price target raised to $350 from $300 at Truist
- CyberArk price target raised to $335 from $306 at Stifel
- CyberArk price target raised to $330 from $310 at Canaccord
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