CyberArk Software (CYBR) Receives a Buy from Wedbush

Wedbush analyst Daniel Ives maintained a Buy rating on CyberArk Software (CYBR) today and set a price target of $120.00. The company’s shares closed last Wednesday at $96.36.

According to, Ives is a 5-star analyst with an average return of 6.4% and a 58.1% success rate. Ives covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Nuance Communications, and Palo Alto Networks.

Currently, the analyst consensus on CyberArk Software is a Moderate Buy with an average price target of $109.18, a 4.4% upside from current levels. In a report released yesterday, William Blair also maintained a Buy rating on the stock.

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The company has a one-year high of $148.74 and a one-year low of $69.51. Currently, CyberArk Software has an average volume of 768.5K.

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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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