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Friday - Baird analysts have increased the price target on CyberArk Software (NASDAQ:CYBR) to $455 from the previous target of $435, while retaining an Outperform rating on the shares. The adjustment comes in response to the company's impressive fourth-quarter performance, which surpassed the Rule-of-40 target earlier than projected, with a 30% organic Annual Recurring Revenue (ARR) growth. The company, now valued at $20.22 billion, has demonstrated remarkable revenue growth of 33.1% over the last twelve months, with an impressive gross profit margin of 79.18%. According to InvestingPro analysis, the stock is currently trading near its 52-week high of $418.49.
CyberArk's recent financial results have demonstrated significant strides, particularly with its Venafi acquisition, which is already showing its value by advancing the company's machine identity security offerings. Additionally, Secrets Management emerged as the fastest-growing segment for CyberArk, with deal sizes increasing substantially. The company's latest acquisition, Zilla, has introduced modern Identity Governance Administration (IGA) capabilities, further broadening CyberArk's governance portfolio. InvestingPro data shows the company maintains strong financial health with more cash than debt on its balance sheet, though current valuations suggest the stock may be trading above its Fair Value. Subscribers can access 18 additional ProTips and a comprehensive Pro Research Report for deeper insights.
The firm's analysts have noted that CyberArk's guidance for FY25, which forecasts a 21% year-over-year increase in ARR, might be conservative. However, early indicators from cross-selling efforts hint at potential for further growth. The analysts underscored the company's advantageous position, fueled by the acceleration of Agentic AI and industry consolidation trends, which they believe will help CyberArk maintain its sustained market leadership.
In their commentary, Baird analysts pointed out the strategic significance of the company's recent moves. "CyberArk delivered a standout Q4 reaching Rule-of-40 ahead of plan, with 30% organic ARR growth, aligning with our preview/proprietary checks. The Venafi acquisition is already proving strategic, demonstrating machine identity security traction, while Secrets Management was the fastest-growing segment, with deal sizes expanding meaningfully. New acquisition Zilla brings modern IGA capabilities, expanding the governance portfolio. FY25 ARR guidance of 21% y/y embeds conservative assumptions in our view, but early cross-sell indicators suggest upside. With accelerating Agentic AI and consolidation tailwinds, CyberArk is uniquely well-positioned for sustained leadership. Maintain Outperform."
CyberArk's strategic acquisitions and product segment growth have been key factors contributing to the raised price target, as the company continues to navigate the cybersecurity landscape effectively. With a current stock price of $408.32 and analysts setting targets ranging from $303.02 to $500, investors seeking detailed valuation metrics and growth projections can access comprehensive analysis through InvestingPro's exclusive research reports, which provide in-depth coverage of over 1,400 US equities.
In other recent news, CyberArk Software has been the focus of several analysts following its robust fourth-quarter performance and promising outlook. KeyBanc Capital Markets increased its price target for CyberArk to $485, citing a record-breaking accounts receivable (ARR) figure and a higher than expected guidance for 2025. The company's recent acquisition of Identity Governance and Administration (IGA) vendor Zilla was also viewed favorably by KeyBanc.
Likewise, William Blair maintained an Outperform rating on CyberArk shares, noting the company's successful development of a comprehensive platform and its potential for growth. Jefferies analyst Joseph Gallo raised the price target for CyberArk to $475, highlighting the company's 30% year-over-year organic growth in ARR and its strategic acquisition of Zilla. JMP Securities also increased its price target for CyberArk to $480 following the company's impressive financial results for the fourth quarter of fiscal year 2024.
Lastly, Guggenheim lifted CyberArk's price target from $417.00 to $455.00, acknowledging the company's consistent performance, strategic acquisitions, and strong outlook. These recent developments underline the positive sentiment among analysts towards CyberArk's performance and future prospects.
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