2022-09-30 08:04:35 CYBR CyberArk
09/30/22 09/3008:04 09/30/2208:04 | Canaccord starts 'PAM leader' CyberArk with a BuyAs previously reported, Canaccord analyst T. Michael Walkley initiated coverage of CyberArk with a Buy rating and $187 price target. CyberArk is the "clear leader" in the Privileged Access Management, or PAM, space and a long-term winner in the software security market, Walkley tells investors. The company is building on its leadership position in the critical PAM market with its broadening portfolio that includes IAM, CIEM, DevSecOps, and Endpoint Privilege Manager, added Walkley, who believe CyberArk is uniquely positioned to consolidate market share given his expectations for ongoing consolidation in the cybersecurity market as customers choose more of a platform approach. |
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