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On Friday, Stifel analysts maintained a Buy rating and a $444.00 price target on CyberArk Software (NASDAQ:CYBR) shares, joining a strong consensus among analysts with targets ranging from $303 to $500. Currently trading at $333.04, the company commands a market capitalization of $16.5 billion. The firm’s confidence in the company is rooted in CyberArk’s expanding opportunities in machine identity security. During a virtual fireside chat, CyberArk’s GM of Machine Identity Security, Kurt Sand, and VP of Engineering, Shivajee Samdarshi, discussed the company’s growth strategies and competitive advantages.
The conversation highlighted CyberArk’s broadening machine identity security offerings, which include Secrets Management, Certificate Management, and Agentic AI. Stifel analysts are optimistic about the potential for CyberArk’s non-human identity opportunities to match or even surpass the human identity sector in the future.
CyberArk’s recent activities, such as its participation in Stifel’s 1:1 conference, an upbeat investor day, and solid fourth-quarter earnings, have reinforced the analysts’ view. They see identity security as increasingly important and believe CyberArk is well-positioned to secure a wide range of human and non-human identities.
Looking forward, Stifel anticipates that CyberArk will continue to achieve high-teens growth, aligned with the company’s impressive 33.1% revenue growth and 79.18% gross profit margins. They also expect improvements in operating margins and free cash flow (FCF) expansion in the coming years. The firm’s endorsement follows a series of positive developments for CyberArk, emphasizing the company’s strategic initiatives and robust financial performance. According to InvestingPro, 19 analysts have recently revised their earnings estimates upward, suggesting strong confidence in the company’s future performance. Subscribers can access 10+ additional exclusive ProTips and comprehensive financial analysis for CYBR.
In other recent news, CyberArk Software has been the focus of several analyst updates following its recent analyst day. Citi has raised its price target for CyberArk to $450, maintaining a Buy rating. The firm noted CyberArk’s financial targets for 2028 and expressed confidence in the company’s growth strategy, which includes a compound annual growth rate (CAGR) for revenue of less than 20% and higher-than-expected operating profit margins. Similarly, Truist Securities has reaffirmed its Buy rating with a $450 price target, highlighting CyberArk’s innovation and its strategic expansion into identity security solutions beyond its traditional offerings.
RBC Capital Markets also maintains an Outperform rating, setting a higher price target of $481. The analysts are optimistic about CyberArk’s expansion into a new $80 billion Total (EPA:TTEF) Addressable Market (TAM) and its focus on machine identity and agentless AI technologies. Stifel has echoed similar sentiments, keeping a Buy rating and a $444 price target, emphasizing CyberArk’s platform expansion and its strategic goals for the future. Meanwhile, Cantor Fitzgerald adjusted its price target to $400 but maintained an Overweight rating, citing CyberArk’s leadership in identity security and its transition to a recurring Subscription/Software as a Service (SaaS) model as key growth drivers.
These developments reflect a broad confidence among analysts in CyberArk’s strategic direction and its potential for growth in the cybersecurity sector.
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