BofA Securities analyst Madeline Brooks maintains $CyberArk (CYBR.US)$ with a buy rating, and adjusts the target price from $335 to $355.
According to TipRanks data, the analyst has a success rate of 17.9% and a total average return of -18.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $CyberArk (CYBR.US)$'s main analysts recently are as follows:
CyberArk's recent quarter was characterized by robust performance, which supports the ongoing positive sentiment towards the company's consistent delivery of strong results. The updated outlook from management, inclusive of the Venafi acquisition's completion, is a testament to the company's steady operational success despite high market expectations.
The company surpassed expectations for Q3 net new annual recurring revenue and increased its projection for fiscal 2024 free cash flow, according to an analyst.
The third-quarter performance of CyberArk was notable for its subscription and total revenue growth, along with the completion of the acquisition of Venafi. There were multiple positive aspects observed, and anticipation is building for the potential cross-selling opportunities that Venafi may bring.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
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美銀證券分析師Madeline Brooks維持$CyberArk (CYBR.US)$買入評級,並將目標價從335美元上調至355美元。
根據TipRanks數據顯示,該分析師近一年總勝率為17.9%,總平均回報率為-18.1%。
此外,綜合報道,$CyberArk (CYBR.US)$近期主要分析師觀點如下:
Cyberark最近一個季度的表現強勁,這支持了市場對公司持續交付強勁業績的積極情緒。管理層更新的前景,包括Venafi收購的完成,證明了公司在高市場預期下的穩定運營成功。
根據一位分析師的說法,公司超出了第三季度新的年度經常性營業收入的預期,並提高了對2024財年自由現金流的預測。
Cyberark在第三季度的表現顯著,其訂閱和總營業收入增長,並完成了對Venafi的收購。有多個積極的方面被觀察到,大家對Venafi可能帶來的交叉銷售機會充滿期待。
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