Truist analyst Junaid Siddiqui lowered the firm’s price target on CyberArk (CYBR) to $411 from $455 and keeps a Hold rating on the shares. The company reported solid Q4 earnings above the firm’s estimates across all key metrics, signaling continued strength in its identity platform, the analyst tells investors in a research note. The firm added that it cut its price target to reflect the decrease in Palo Alto Networks’ (PANW) share price as the purchase price is a function of the exchange ratio.
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