CyberArk price target lowered to $411 from $455 at Truist

Truist 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 estimates across all key metrics, signaling continued strength in its identity platform, though the firm is cutting its price target on the decrease in Palo Alto Networks (PANW) share price as the purchase price is a function of the exchange ratio, the analyst tells investors in a research note.