RBC Capital analyst Matthew Hedberg maintains $CyberArk (CYBR.US)$ with a buy rating, and adjusts the target price from $358 to $385.
According to TipRanks data, the analyst has a success rate of 65.3% and a total average return of 20.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $CyberArk (CYBR.US)$'s main analysts recently are as follows:
The firm holds an optimistic outlook for the software sector into 2025, citing potential multiple catalysts that could benefit the industry. According to analyses, there has been a stabilization and even improvement in spending trends. Moreover, the emergence of generative artificial intelligence may pave the way for innovative advancements. Additionally, favorable comparisons in the first half of 2025 are expected as management teams emphasize growth initiatives. The analyst's top picks span across various market caps with preferences in large-cap stocks like Adobe, Microsoft, and Snowflake; mid-cap choices such as Gitlab and Guidewire Software; and small-cap stocks including Clearwater Analytics, Magnite, and Varonis Systems. Non-consensus ideas highlighted are Dynatrace, MongoDB, and Nexxen.
The outlook for CyberArk heading into 2025 is highly positive, according to an analysis, as the company is well positioned to exceed expectations in Q1 2025 and throughout the year.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
