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Fly News Breaks for February 20, 2018
CYBR
Feb 20, 2018 | 05:53 EDT
UBS analyst Fatima Boolani upgraded CyberArk Software to Buy and raised her price target for the shares to $58 from $50. The analyst sees a "2:1 risk/reward" on the stock in the next 12 months following the company's better than expected Q4 results. She notes the absolute valuation is a two-year trough levels. CyberArk delivered in Q4 sustained license growth reacceleration, Boolani contends.
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