CyberArk Software (CYBR) Receives a Buy from Truist Financial

In a report released today, Junaid Siddiqui from Truist Financial reiterated a Buy rating on CyberArk Software (CYBR – Research Report). The company’s shares closed yesterday at $233.54.

Siddiqui covers the Technology sector, focusing on stocks such as Fortinet, CyberArk Software, and Samsara. According to TipRanks, Siddiqui has an average return of 21.1% and an 80.00% success rate on recommended stocks.

CyberArk Software has an analyst consensus of Strong Buy, with a price target consensus of $298.91, implying a 27.99% upside from current levels. In a report released today, JMP Securities also reiterated a Buy rating on the stock with a $280.00 price target.

CYBR market cap is currently $10.03B and has a P/E ratio of -145.50.

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CyberArk Software (CYBR) Company Description:

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.