Evercore ISI Reaffirms Their Buy Rating on CyberArk Software (CYBR)


Evercore ISI analyst Kenneth Talanian maintained a Buy rating on CyberArk Software (CYBR) yesterday and set a price target of $115. The company’s shares closed yesterday at $123, close to its 52-week high of $133.49.

Talanian noted:

“We are raising our PT to $140 from $115 prior. Remain Outperform rated. See below/within for our take on the quarter.”

According to TipRanks.com, Talanian is a 5-star analyst with an average return of 20.4% and a 79.5% success rate. Talanian covers the Technology sector, focusing on stocks such as Proofpoint Inc, Check Point, and FireEye Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for CyberArk Software with a $135 average price target, implying a 9.8% upside from current levels. In a report released yesterday, Wedbush also maintained a Buy rating on the stock with a $145 price target.

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Based on CyberArk Software’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $24.18 million. In comparison, last year the company had a net profit of $6.42 million.

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CyberArk Software Ltd. engages in the development, market, and sale of access security software solutions. It operates through the following geographical segments: United States; Israel; United Kingdom; Europe, the Middle East and Africa; and Other.

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