CyberArk Software (CYBR – Research Report), the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Joseph Gallo from Jefferies maintained a Buy rating on the stock and has a $430.00 price target.
Joseph Gallo has given his Buy rating due to a combination of factors that highlight CyberArk Software’s strategic positioning and growth potential. The company is making significant strides in becoming a comprehensive identity platform, which is evident from its expanding product portfolio and positive feedback from channel partners. This positions CyberArk favorably in the growing machine and agentic identity market, where it has established a leadership role through its innovations and acquisitions.
CyberArk’s acquisition of Zilla and its focus on modern Identity Governance and Administration (IGA) are seen as key drivers for future growth, with a potential market opportunity of $10 billion. The company’s ability to streamline application onboarding and enhance automation has been well-received by customers and partners, reinforcing its competitive edge. Additionally, the ongoing positive channel conversations and the company’s impressive pace of innovation, particularly in the area of Agentic AI, further support the Buy rating, indicating strong confidence in CyberArk’s future performance.
In another report released today, Barclays also maintained a Buy rating on the stock with a $450.00 price target.
CYBR’s price has also changed moderately for the past six months – from $294.460 to $342.220, which is a 16.22% increase.