Piper Sandler analyst Rob Owens maintains $CyberArk (CYBR.US)$ with a buy rating, and adjusts the target price from $345 to $380.
According to TipRanks data, the analyst has a success rate of 64.5% and a total average return of 22.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $CyberArk (CYBR.US)$'s main analysts recently are as follows:
Looking ahead to 2025 in the fields of security, design, and vertical-specific software, there are positive expectations for certain companies. These companies are anticipated to benefit from either an improving overall environment, prospects in artificial intelligence, or narratives related to margin improvements.
CyberArk is anticipated to substantially surpass the consensus estimates for Q4 subscriptions and overall revenue with significant positive potential. However, there might be limited scope for exceeding the consensus estimates on Annual Recurring Revenue, particularly considering the specific factors projected to impact the Software sector by 2025.
The software sector is anticipated to see another positive year in 2025, likely driven by multiple catalysts. These include stabilized and improving spending trends, the potential for generative artificial intelligence to foster new innovations, and beneficial comparisons for first-half estimates as management strategies focus on growth.
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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
