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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