CyberArk stock price target raised to $465 from $435 at DA Davidson

DA Davidson raised its price target on CyberArk Software (NASDAQ:CYBR) to $465 from $435 on Thursday, while maintaining a Buy rating on the cybersecurity firm’s shares. The stock has demonstrated remarkable momentum, delivering a 57.75% return over the past year and currently trading near its 52-week high of $421.

The price target increase follows a group investor call with CyberArk’s CFO Erica Smith that DA Davidson hosted on Wednesday. Key topics discussed during the call included macroeconomic conditions, Venafi, Zilla, Agentic AI, go-to-market strategies, channel partnerships, migrations, and pricing strategies.

According to DA Davidson, CyberArk management expressed confidence despite three weeks remaining in what is typically a back-end loaded quarter for the company. The research firm noted that management indicated the macroeconomic environment does not appear to be negatively impacting the company’s performance. This confidence appears well-founded, with InvestingPro data showing impressive 35.12% revenue growth and robust gross margins of 77.91% in the last twelve months.

DA Davidson highlighted "upbeat commentary" regarding traction with Venafi and Zilla as factors in its decision to raise the price target. The firm believes CyberArk could exceed its calendar year 2025 Annual Recurring Revenue (ARR) guidance, which had incorporated more conservative macroeconomic assumptions following the company’s first-quarter results.

The research firm maintained its Buy rating on CyberArk shares, citing potential upside against the company’s 2025 ARR guidance as likely based on the latest management commentary. According to InvestingPro analysis, while the stock is trading above its Fair Value, analysts maintain a strong buy consensus with additional upside potential. Discover 12 more exclusive InvestingPro Tips and comprehensive valuation metrics in the Pro Research Report, available with your subscription.

In other recent news, SailPoint Technologies Holdings (NYSE:SAIL) received a reaffirmed Buy rating from Truist Securities with a price target of $29. This comes as the company prepares to announce its first-quarter 2026 results. Analyst Joel Fishbein Jr. highlighted SailPoint’s strong performance in large and complex environments, noting the company’s success in securing deals, which is expected to drive long-term Annual Recurring Revenue (ARR) growth. Truist Securities emphasized SailPoint’s position in the machine identity market and its potential for growth due to increasing demand for Identity Governance and Administration (IGA).

Meanwhile, CyberArk Software announced plans to issue $750 million in Convertible Senior Notes due 2030, aiming to use the proceeds for general corporate purposes and potential acquisitions. The notes will be convertible into cash or ordinary shares, with specific conditions for conversion and redemption. This announcement has raised some concerns among investors regarding the potential impact on the company’s stock.

Additionally, JPMorgan raised its price target for CyberArk to $443, maintaining an Overweight rating. The firm cited CyberArk’s strong organic growth, exceeding 30%, and its achievement of over $1 billion in Annual Recurring Revenue (ARR). CyberArk’s fourth-quarter results showed robust growth and profitability, despite foreign exchange challenges and some weakness in Federal accounts. JPMorgan expects continued improvement in CyberArk’s operating margin and Free Cash Flow, supported by the integration of Venafi into its business model.

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