Cantor Fitzgerald Reiterates Overweight Rating on CyberArk Software (CYBR)

Cantor Fitzgerald analyst Jonathan Ruykhaver reiterated an Overweight rating and $415.00 price target on CyberArk Software (NASDAQ: CYBR).

The analyst said, "

We reiterate our Overweight rating and PT of $415 based on solid 4Q24 checks and industry / partner feedback for 2025 which highlight the opportunity for robust new logo growth in core PAM and Venafi cross sell. CYBR remains our top midcap cybersecurity idea. We believe the company remains well-positioned to consolidate identity-related cybersecurity spend while driving a durable competitive moat and improving KPIs."

"To reflect the strong 4Q feedback and demand trends that we believe are sustainable into 2025/2026, we are increasing our estimates as follows: 4Q24E revenue to $305.2M from $302.2M versus guidance of $297M-303M and FactSet consensus of $301.2M; ARR to $1.163B from $1.161M versus FactSet consensus of $1.158B; and EPS to $0.74 from $0.73 versus guidance of $0.65-0.75 and consensus of $0.72. FY25E revenue to $1.309B from $1.290B versus consensus of $1.302B; ARR to $1.400B from $1.396B versus consensus of $1.398B; and EPS to $3.69 from $3.48 versus consensus of $3.60," he added.

For an analyst ratings summary and ratings history on CyberArk Software click here. For more ratings news on CyberArk Software click here.

Shares of CyberArk Software closed at $359.72 yesterday.

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