Deutsche Bank analyst Gray Powell upgraded CyberArk to Buy from Hold with an unchanged price target of $85. The analyst says his firm's recently conducted channel checks on the identity and privilege account-management space came back "with a number of positive data points" for CyberArk. The company's primary competitors are dealing with some form of acquisition-related distraction that should create incremental share gain opportunities for CyberArk over the next year, Powell tells investors in a research note. The analyst sees a "compelling" risk/reward at current share levels and has a high degree of confidence in forecasts for the company next year.