CyberArk Software (CYBR) Receives a Buy from Morgan Stanley

In a report released today, Melissa Franchi from Morgan Stanley maintained a Buy rating on CyberArk Software (CYBR), with a price target of $110.00. The company’s shares closed last Monday at $91.01.

According to, Franchi is a 1-star analyst with an average return of -6.9% and a 41.8% success rate. Franchi covers the Technology sector, focusing on stocks such as Forescout Technologies, Tenable Holdings, and Varonis Systems.

Currently, the analyst consensus on CyberArk Software is a Moderate Buy with an average price target of $124.71, a 44.1% upside from current levels. In a report issued on March 22, Piper Sandler also upgraded the stock to Buy with a $110.00 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 revenue of $130 million and net profit of $20.74 million. In comparison, last year the company earned revenue of $109 million and had a net profit of $24.18 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. Its products include core privileged access security, application identity and endpoint privilege manager, and Conjur. The company was founded by Udi Mokady and Alon N. Cohen in 1999 and is headquartered in Petach Tikva, Israel.

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