TD Cowen Reiterates Buy Rating on CyberArk Software (CYBR)

TD Cowen analyst Shaul Eyal reiterated a Buy rating and $300.00 price target on CyberArk Software (NASDAQ: CYBR).

The analyst commented, "Takeaways from meetings with Erica Smith, SVP Finance/IR include: 1) Identity remains the leading mission critical element of CISOs' budgets 2) CYBR's platform is resonating well with existing and new logos 3) The competitive arena remains intact 4) The solid spending environment coupled with CYBR's consistent execution should enable it to handily achieve its FY24 goals (ex-Venafi). Buy, $300 PT."

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 $251.79 yesterday.

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