CyberArk Software (CYBR): New Buy Recommendation for This Technology Giant
In a report released today, Gregg Moskowitz from Mizuho Securities maintained a Buy rating on CyberArk Software, with a price target of $520.00.
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Moskowitz covers the Technology sector, focusing on stocks such as Adobe, Salesforce, and SailPoint, Inc.. According to TipRanks, Moskowitz has an average return of 2.7% and a 51.71% success rate on recommended stocks.
Currently, the analyst consensus on CyberArk Software is a Hold with an average price target of $504.25.
Based on CyberArk Software’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $342.84 million and a GAAP net loss of $50.44 million. In comparison, last year the company earned a revenue of $240.1 million and had a net profit of $11.11 million
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