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CyberArk Software (CYBR) Receives a Hold from RBC Capital

Tipranks - Tue Jan 6, 8:00PM CST

In a report released yesterday, Matthew Hedberg from RBC Capital maintained a Hold rating on CyberArk Software, with a price target of $448.00.

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Hedberg covers the Technology sector, focusing on stocks such as ServiceNow, Confluent, and Autodesk. According to TipRanks, Hedberg has an average return of 11.8% and a 54.20% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for CyberArk Software with a $495.60 average price target.

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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