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Fly News Breaks for January 14, 2020
CYBR
Jan 14, 2020 | 07:26 EDT
DA Davidson analyst Andrew Nowinski initiated coverage of CyberArk with a Neutral rating and $125 price target. The analyst is positive on the company's "significant opportunity" to sell add-on solutions to its existing installed base and its low competitive threats, but believes that CyberArk needs to boost its recurring revenue to push valuation higher. Nowinski warns that the low recurring revenue may limit the company's multiple expansion and sees its current valuation accounting for present share gain opportunities.
News For CYBR From the Last 2 Days
CYBR
Mar 28, 2024 | 15:22 EDT
What has Wall Street been buzzing about this week? Here are the top 5 Bu-y calls and the top 5 Sell calls made by Wall Street’s best analysts during the week of March 25-28. Find all top-rated... To see the rest of the story go to thefly.com. See Story Here
CYBR
Mar 28, 2024 | 06:05 EDT
BTIG initiated coverage of CyberArk with a Buy rating and $317 price target. Following field checks with customers, partners, and industry analysts, the firm sees multiple factors driving continued growth in the privilege account management market, where it notes CyberArk holds "a strong leadership position" and is gaining share.