Analyst Keith Weiss from Morgan Stanley maintained a Hold rating on CyberArk Software (CYBR – Research Report) and keeping the price target at $390.00.
Keith Weiss has given his Hold rating due to a combination of factors that highlight both opportunities and challenges for CyberArk Software. The company is strategically positioning itself as a key player in the Identity Security space, particularly with its focus on expanding its Machine Identity roadmap and its recent acquisition of Zilla Security to broaden its Identity Governance and Administration (IGA) capabilities. These moves indicate a promising growth trajectory as the importance of identity security continues to rise in the context of increasing AI agent proliferation.
However, despite these positive developments, the broader Machine Identity opportunity is still in its early stages, which presents some uncertainty regarding the immediate financial impact. Additionally, while CyberArk’s new Secure AI Agents solution addresses critical security needs, the lack of detailed financial targets or commentary from the recent IMPACT conference leaves some questions about the company’s near-term financial performance. As a result, Keith Weiss maintains a cautious stance with a Hold rating, reflecting both the potential for long-term growth and the current uncertainties.