Stifel Nicolaus analyst Gur Talpaz reiterated a Buy rating on CyberArk (NASDAQ: CYBR) yesterday and set a price target of $70. The company’s shares closed yesterday at $69.02, close to its 52-week high of $71.25.
According to TipRanks.com, Talpaz is a 5-star analyst with an average return of 18.9% and a 67.6% success rate. Talpaz covers the Technology sector, focusing on stocks such as SecureWorks Corp, Varonis Systems, and Proofpoint Inc.
CyberArk has an analyst consensus of Moderate Buy, with a price target consensus of $75.43, which is a 9.3% upside from current levels. In a report released yesterday, Evercore ISI also maintained a Buy rating on the stock with a $75 price target.
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Based on CyberArk’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $6.42 million. In comparison, last year the company had a net profit of $3.25 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.
