Gold prices hit 2-week high as Trump-Fed feud escalates with Cook firing
On Tuesday, JMP Securities increased the price target for CyberArk Software (NASDAQ:CYBR) to $390.00, up from the previous target of $360.00. The stock, currently trading at $359.46 and near its 52-week high of $366.48, has demonstrated strong momentum with a 55% return over the past year. The firm has reiterated its Market Outperform rating on the stock. The adjustment follows the firm's analysis of the company's future revenue projections and market position. According to InvestingPro analysis, the stock appears to be trading above its Fair Value.
Trevor Walsh of JMP Securities noted that CyberArk is trading at a 2026 estimated enterprise value to revenue multiple of 10.6 times. The new price target suggests a multiple of 11.5 times the 2026 estimated revenue, a modest premium compared to the peer group's mean multiple of 10.6 times. This new target is an 8% premium to CyberArk's current stock price. InvestingPro data reveals impressive financial metrics, including an 81% gross profit margin and robust revenue growth of 30% in the last twelve months.
The rationale behind the raised target is CyberArk's dominance in the Privileged Access Management (PAM) market. The company's prospects for growth are seen as robust, especially as it continues to develop its identity platform. JMP Securities also highlights CyberArk's balanced approach to growth and profitability as a reason for the positive valuation.
CyberArk's leadership in the PAM market is significant as it provides security solutions to protect against cyber threats that target privileged accounts. The company's expansion into broader identity management solutions is expected to further enhance its market position and revenue growth.
The price target increase by JMP Securities is indicative of CyberArk's potential for continued growth within the cybersecurity sector. The firm's confidence in the company is reflected in the maintained Market Outperform rating and the raised price target, suggesting a favorable outlook for CyberArk's financial performance. InvestingPro subscribers have access to 15 additional ProTips and a comprehensive Pro Research Report, offering deeper insights into CyberArk's valuation and growth prospects.
In other recent news, CyberArk Software has been the subject of several positive analyst revisions. Cantor Fitzgerald reaffirmed its confidence in the company, maintaining an Overweight rating and a $415.00 price target, citing strong fourth-quarter checks and positive industry feedback for 2025. The firm has also increased its estimates for CyberArk's performance based on robust demand and positive feedback from the fourth quarter.
RBC Capital Markets and KeyBanc Capital Markets have also expressed optimism about CyberArk's prospects. RBC Capital increased the price target to $410.00, citing the potential for the company to surpass fourth-quarter expectations, especially with the recent acquisition of Venafi enhancing margins and accelerating annual recurring revenue (ARR) growth. KeyBanc Capital Markets raised its price target on CyberArk to $400, emphasizing the importance of identity security for businesses moving towards 2025 and noting optimistic channel feedback about CyberArk's market momentum.
Piper Sandler and DA Davidson have increased CyberArk's price target to $380 and $390 respectively, maintaining an Overweight and Buy rating. Piper Sandler's outlook is based on the anticipation of successful integration of Venafi and the potential competitive benefit from a recent security breach at BeyondTrust, a main Privileged Access Management (PAM) competitor. DA Davidson sees potential upside in CyberArk's fourth-quarter ARR and sets expectations for the company's initial guidance for the calendar year 2025.
Lastly, Rosenblatt Securities sees a potential opportunity for CyberArk following a security breach at the US Treasury Department, linked to a compromised digital key from BeyondTrust. All these recent developments highlight the growing confidence in CyberArk's future performance and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.