Citi analyst Fatima Boolani maintains $CyberArk (CYBR.US)$ with a buy rating, and adjusts the target price from $310 to $355.
According to TipRanks data, the analyst has a success rate of 65.5% and a total average return of 17.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $CyberArk (CYBR.US)$'s main analysts recently are as follows:
Following a quarter of notable outperformance, expectations continue to be high for CyberArk. Despite a sentiment that the stock's valuation is demanding, there remains confidence in CyberArk's sustained capacity to deliver robust results. Forecasts have been updated to incorporate the company's latest guidance, which now accounts for the finalization of the Venafi acquisition.
The company surpassed Q3 expectations in net new annual recurring revenue and increased its projection for fiscal 2024 free cash flow, as reported by an analyst.
The company's third-quarter performance was marked by an increase in subscription and overall revenue, as well as the completion of the Venafi acquisition. There are several positive aspects to note, and there is anticipation for the potential cross-selling opportunities that Venafi presents.
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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花旗分析師Fatima Boolani維持$CyberArk (CYBR.US)$買入評級,並將目標價從310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65.5%,總平均回報率為17.7%。
此外,綜合報道,$CyberArk (CYBR.US)$近期主要分析師觀點如下:
經過一個值得注意的優異季度,人們對cyberark的期望繼續很高。儘管股票估值被認爲是苛刻的,但仍然對cyberark持續提供強勁業績的能力充滿信心。預測已經更新,以納入公司最新的指引,現在已經考慮了Venafi收購的最終確定。
據一位分析師報道,該公司超出了Q3的預期,新的年度重複收入和2024財年自由現金流預測已經提高。
該公司第三季度的表現以訂閱和整體營業收入的增加爲特徵,以及Venafi收購的完成。有幾個積極因素需要注意,人們期待Venafi提供的潛在跨銷售機會。
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分析師總勝率為近一年分析師的評級成功次數占總評級次數的比率。評级的成功與否,取決於TipRanks的虚擬投資組合是否從該股票中產生正回報。
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