Barclays Sticks to Their Hold Rating for CyberArk


In a report issued on May 4, Saket Kalia from Barclays maintained a Hold rating on CyberArk (NASDAQ: CYBR), with a price target of $61. The company’s shares closed on Friday at $57.57, close to its 52-week high of $58.95.

According to TipRanks.com, Kalia is a 5-star analyst with an average return of 14.0% and a 60.5% success rate. Kalia covers the Technology sector, focusing on stocks such as Varonis Systems, Carbonite Inc, and Mimecast Ltd.

Currently, the analyst consensus on CyberArk is Moderate Buy and the average price target is $59.50, representing a 3.4% upside.

In a report issued on May 4, Deutsche Bank also maintained a Hold rating on the stock with a $59 price target.

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CyberArk’s market cap is currently $2.03B and has a P/E ratio of 127.93. The company has a book value ratio of 5.7372.

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CyberArk Software Ltd. engages in the development, market, and sale of software based security solutions for enterprise. Its offers shared technology platform, account security, and sensitive information management solutions. The company was founded by Udi Mokady in 1999 and is headquartered in Petach Tikva, Israel.

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