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Investing.com - Arete has reiterated its Buy rating for CyberArk Software (NASDAQ:CYBR) with a price target of $585.00, as the company demonstrates impressive revenue growth of 35% and maintains strong gross margins of nearly 78%. According to InvestingPro data, analysts maintain a highly bullish consensus on the stock.
The research firm maintained its positive outlook on the cybersecurity company, which specializes in privileged access management solutions for enterprises.
CyberArk’s products help organizations protect against cyber threats that target privileged accounts, which are often used in advanced attacks.
The $585.00 price target suggests Arete analysts see significant upside potential for the stock based on its current trading levels.
The reiterated Buy rating comes as organizations continue to prioritize cybersecurity investments amid evolving digital threats and regulatory requirements.
In other recent news, CyberArk Software has seen several notable developments. Jefferies has raised its price target for CyberArk to $480, maintaining a Buy rating, citing the company’s strong position in a challenging cybersecurity environment and potential growth in Annual Recurring Revenue through new customer acquisitions and product cross-selling. Meanwhile, DA Davidson also increased its price target for CyberArk to $465, following an investor call with the company’s CFO, highlighting positive outlooks on products like Venafi and Zilla, and expressing confidence in the company’s ability to exceed its 2025 revenue guidance. In a move to bolster its financial flexibility, CyberArk announced a $750 million offering of convertible senior notes due 2030, aiming to use the proceeds for general corporate purposes, including potential acquisitions. The offering, however, has raised some investor concerns due to its potential impact on stock dilution and market price. Additionally, Panasonic (OTC:PCRFY) Information Systems has implemented CyberArk’s Identity Security Platform to enhance its privileged access management, marking a significant step in Panasonic’s digital transformation efforts. This deployment aims to improve security by automating access management and providing comprehensive visibility into server activities. These developments reflect CyberArk’s ongoing efforts to strengthen its market position and financial strategy.
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