Piper Jaffray Believes CyberArk (CYBR) Still Has Room to Grow

In a report released yesterday, Andrew Nowinski from Piper Jaffray reiterated a Buy rating on CyberArk (NASDAQ: CYBR), with a price target of $72. The company’s shares opened today at $69.35, close to its 52-week high of $71.25.

According to TipRanks.com, Nowinski is a 4-star analyst with an average return of 11.2% and a 56.7% success rate. Nowinski covers the Consumer Goods sector, focusing on stocks such as Palo Alto Networks, Juniper Networks, and Pure Storage Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for CyberArk with a $74.44 average price target, representing a 7.3% upside. In a report released yesterday, Evercore ISI also maintained a Buy rating on the stock with a $75 price target.

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The company has a one-year high of $71.25 and a one-year low of $39.34. Currently, CyberArk has an average volume of 411K.

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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.