Wedbush analyst Daniel Ives raised his price target for CyberArk to $95 from $85 following quarterly results, with the company handily crushing the Street's Q3 estimates across the board as it appears it is seeing a clear inflection point in its business with more enterprises and federal customers moving to its PAM platform. With what the analyst estimates is a TAM north of $40B over the next decade, he believes CyberArk is 'extremely well positioned" to further penetrate its installed base and expand its opportunity with new customers in this next generation security market. Ives reiterates an Outperform rating on the shares.