CyberArk stock price target raised to $480 from $430 at Jefferies

Jefferies raised its price target on CyberArk Software (NASDAQ:CYBR) to $480 from $430 on Monday, while maintaining a Buy rating on the cybersecurity firm’s shares. The new target aligns with the broader analyst consensus, as InvestingPro data shows analyst targets ranging from $352 to $500, with the stock currently trading at $386.69.

The research firm cited CyberArk’s strong positioning to sustain momentum in an elevated threat environment, coupled with achievable new business expectations for 2025. Jefferies noted that while CyberArk shares have already performed well, gaining 16% year-to-date compared to the iShares Expanded Tech-Software ETF’s 6% rise, the company remains well-positioned for continued growth. This optimism is supported by CyberArk’s impressive 35.12% revenue growth and industry-leading gross profit margin of 77.91%, according to InvestingPro data.

Jefferies sees significant growth potential for CyberArk’s Annual Recurring Revenue (ARR) through new Privileged Access Management (PAM) customers, maintenance conversions, and cross-selling opportunities in Identity Governance and Administration (IGA) and Venafi products.

The firm expressed confidence that CyberArk can achieve free cash flow (FCF) margins exceeding 27% by calendar year 2027, which forms the basis for the new $480 price target, representing 47 times the company’s projected 2027 free cash flow.

CyberArk remains one of Jefferies’ top investment ideas for the second half of 2025, with the firm highlighting the company’s growth trajectory compared to peers in its coverage universe.

In other recent news, CyberArk Software announced plans to issue $750 million in 0.00% Convertible Senior Notes due 2030 in a private offering, with an option for initial purchasers to buy an additional $125 million in notes. The company intends to use the proceeds for general corporate purposes, including potential acquisitions, and to fund capped call transactions to mitigate dilution from note conversions. Additionally, CyberArk’s stock price target was raised by DA Davidson from $435 to $465, with the firm maintaining a Buy rating, citing management’s confidence and potential upside against the company’s 2025 Annual Recurring Revenue guidance. Meanwhile, CyberArk announced its upcoming annual shareholder meeting, scheduled for June 24, 2025, in Petach-Tikva, Israel, where shareholders will vote on various proposals. In related news, Truist Securities maintained a Buy rating on SailPoint Technologies Holdings (NYSE:SAIL) with a $29 price target, highlighting the company’s strong performance in complex environments and its position in the machine identity market. These developments reflect ongoing strategic activities and analyst perspectives within the cybersecurity sector.

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