JPMorgan lowered the firm’s price target on CyberArk (CYBR) to $425 from $474 and keeps a Neutral rating on the shares. The company reported strong Q4 earnings due to broad-based strength across the business, the analyst tells investors in a research note. The firm cites lower peer multiples for the target cut.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CYBR: