DA Davidson raised the firm’s price target on CyberArk (CYBR) to $435 from $415 and keeps a Buy rating on the shares after “a strong Q1 beat” that featured ARR and all other metrics well ahead of consensus. Calendar year 2025 guidance was raised for revenue, EPS, and free cash flow, though ARR guidance was just reiterated as management is baking in more conservative macro assumptions, notes the analyst, who thinks upside to reiterated ARR guidance is “very likely” given the “execution machine” that CyberArk has been.
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Read More on CYBR:
- CyberArk price target lowered to $425 from $485 at BTIG
- CyberArk Software: Strong Performance, Strategic Acquisitions, and Promising Future Prospects
- Stifel says CyberArk guidance creates favorable setup for upside
- CyberArk Software: Strong Performance and Growth Potential Amidst Resilient Cybersecurity Demand
- CyberArk Reports Strong Q1 2025 Financial Results and Strategic Acquisitions
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