CyberArk Software Stock: Target Price Raises and Analyst Ratings
Analyst Opinion
CyberArk Software, traded on NASDAQ under the symbol CYBR, has recently seen a number of analysts adjust their target prices and ratings on the stock.
Target Price Raises
Barclays raised its target price from $280.00 to $315.00 and gave the stock an "Overweight" rating. Susquehanna followed suit, raising its target price from $310.00 to $320.00 and maintaining a "Positive" rating.
Analyst Consensus
Based on the current 12-month price forecasts from 26 analysts, the average target price for CyberArk Software stock stands at $274.62. Wedbush Securities, in particular, recently adjusted its target price from $285.00 to $300.00.
Conclusion
The recent analyst adjustments and ratings on CyberArk Software stock suggest a positive outlook on the company's future prospects. The upward revisions in target prices and the consistent "Overweight" and "Positive" ratings from reputable firms provide investors with increased confidence in the stock's potential for growth and profitability.
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