On Nov 15, major Wall Street analysts update their ratings for $CyberArk (CYBR.US)$, with price targets ranging from $325 to $360.
BofA Securities analyst Madeline Brooks maintains with a buy rating, and adjusts the target price from $335 to $355.
Jefferies analyst Joseph Gallo maintains with a buy rating, and adjusts the target price from $330 to $340.
Oppenheimer analyst Ittai Kidron maintains with a buy rating, and adjusts the target price from $310 to $360.
Stifel analyst Adam Borg maintains with a buy rating, and adjusts the target price from $306 to $335.
Wedbush analyst Daniel Ives maintains with a buy rating, and maintains the target price at $325.
Furthermore, according to the comprehensive report, the opinions of $CyberArk (CYBR.US)$'s main analysts recently are as follows:
The firm acknowledges CyberArk's 'another strong quarter of outperformance.' Despite beliefs that the stock's current valuation is reflective of high expectations, there remains confidence in CyberArk's consistent delivery of strong results. The firm's revised estimates take into account the updated guidance from the company's management, which incorporates the completion of the Venafi acquisition.
The company surpassed the third quarter's net new annual recurring revenue expectations and increased its forecast for fiscal 2024 free cash flow, according to an analyst.
The company's third-quarter performance was noted for its subscription and overall revenue growth, alongside the completion of a significant acquisition. There were numerous positive aspects observed, and anticipation is building for the potential cross-selling opportunities that could arise from this acquisition.
Following 'another strong quarter' that surpassed expectations in Q3 ARR, revenue, and profitability, confidence remains high in CyberArk's capability to secure a wider range of personas and capitalize on several long-term positive trends. Although CyberArk announced the departure of their long-time CFO Josh Siegel at the year's end, the anticipated succession by the experienced SVP of IR and Finance, Erica Smith, is expected to ensure a seamless transition.
Following a robust third-quarter performance in annual recurring revenue and a strong organic outlook for the fourth quarter, analysts maintain a positive stance on CyberArk. The company is believed to have further growth potential in Privileged Access Management (PAM) and is well-positioned competitively, particularly after its acquisition of a company in the secrets management space. There are also perceived opportunities for enhancing security measures on existing Single Sign-On/Multi-Factor Authentication platforms. Analysts are optimistic about CyberArk's ability to bolster the growth of a recent acquisition in the machine identity protection space with its increased go-to-market resources and the general market momentum for TLS certificate management. Nonetheless, there are still reservations regarding the total addressable market for certificate management, the integration with its secrets management solution, and the evolving competitive landscape involving major cloud providers and other tech companies.
Here are the latest investment ratings and price targets for $CyberArk (CYBR.US)$ from 10 analysts:
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美東時間11月15日，多家華爾街大行更新了$CyberArk (CYBR.US)$的評級，目標價介於325美元至360美元。
美銀證券分析師Madeline Brooks維持買入評級，並將目標價從335美元上調至355美元。
富瑞集團分析師Joseph Gallo維持買入評級，並將目標價從330美元上調至340美元。
奧本海默控股分析師Ittai Kidron維持買入評級，並將目標價從310美元上調至360美元。
斯迪富分析師Adam Borg維持買入評級，並將目標價從306美元上調至335美元。
韋德布什分析師Daniel Ives維持買入評級，維持目標價325美元。
此外，綜合報道，$CyberArk (CYBR.US)$近期主要分析師觀點如下：
該公司認可cyberark又一個強勁的季度超出表現。儘管股票當前估值反映了高預期，但對於cyberark持續交付強勁業績依然有信心。公司修訂的預估考慮了公司管理層的最新指導，其中包括Venafi收購的完成。
據一位分析師稱，該公司超過了第三季度的淨新增年度經常性收入預期，並提高了對2024財年自由現金流的預測。
該公司第三季度的表現因訂閱和整體營收增長而備受關注，同時完成了一筆重要收購。觀察到許多正面因素，並且人們期待可能從這次收購中產生的潛在跨銷售機會。
在第三季度經常性收入、營收和盈利超出預期的「又一個強勁季度」之後，cyberark仍然有能力確保更廣泛區間的人格安全並從長期積極趨勢中獲利的信心仍然很高。儘管cyberark宣佈他們長期CFO喬希·席格爾將在年底離任，但預期經驗豐富的IR和財務高級副總裁埃裏卡·史密斯將順利過渡。
在第三季度經常性收入強勁和第四季度有強勁有機前景的基礎上，分析師們對cyberark仍然持有積極立場。該公司被認爲在特權訪問管理領域有進一步的增長潛力，並且在收購了一個祕密管理公司之後，在競爭上處於有利位置。人們認爲有機會對現有的單點登錄/多因素身份認證平台進行加強安全措施。分析師對cyberark通過增加推向市場資源和TLS證書管理的一般市場勢頭增強最近一次收購在機器身份保護領域的增長能力持樂觀態度。儘管關於證書管理的總地址市場，與祕密管理解決方案的整合以及與主要雲提供商和其他科技公司涉及的不斷髮展的競爭格局仍存在疑慮。
以下爲今日10位分析師對$CyberArk (CYBR.US)$的最新投資評級及目標價：
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