Oppenheimer analyst Ittai Kidron reiterated a Buy rating on CyberArk Software (CYBR – Research Report) today and set a price target of $180.00. The company’s shares opened today at $155.52.
According to TipRanks, Kidron is a top 25 analyst with an average return of 25.1% and a 62.80% success rate. Kidron covers the Technology sector, focusing on stocks such as Palo Alto Networks, Splunk, and Atlassian.
Currently, the analyst consensus on CyberArk Software is a Strong Buy with an average price target of $177.44, which is a 14.09% upside from current levels. In a report released yesterday, Rosenblatt Securities also reiterated a Buy rating on the stock with a $185.00 price target.
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CYBR market cap is currently $6.36B and has a P/E ratio of -49.64.
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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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