William Blair analyst Jonathan Ho has maintained their bullish stance on CYBR stock, giving a Buy rating yesterday.
Jonathan Ho’s rating is based on CyberArk Software’s strategic positioning in the rapidly evolving identity security landscape. The company is focusing on managing human privileges, securing machine identities, and enabling secure use of agentic AI, all integrated within a single platform. This comprehensive approach is supported by their recent acquisition of Zilla, which enhances their capabilities in identity governance and administration, allowing for greater scale and automation in IT environments.
Additionally, CyberArk is poised to benefit from the exponential growth in machine identities, as evidenced by their acquisition of Venafi, which strengthens their machine identity security offerings. The company’s ability to secure secrets, certificates, and workload access for machine identities positions it well to capitalize on this trend. Furthermore, the rise of AI agents presents a significant opportunity for CyberArk, as these agents are expected to create a vast number of new identities, further expanding the company’s market potential.
Ho covers the Technology sector, focusing on stocks such as CyberArk Software, Cellebrite DI, and Akamai. According to TipRanks, Ho has an average return of 9.7% and a 48.86% success rate on recommended stocks.
In another report released yesterday, RBC Capital also maintained a Buy rating on the stock with a $420.00 price target.