CyberArk Software Will 'Maintain Profitable Growth,' Says Bullish Analyst
CYBRCyberArk Software(CYBR) Benzinga·2024-09-20 23:20

CyberArk Software Ltd CYBR appears poised to "consolidate identity spending and maintain durable and increasingly profitable growth," according to RBC Capital Markets analyst Matthew Hedberg.Last month, the company reported upbeat second-quarter results.Hedberg initiated coverage of CyberArk Software with an Outperform rating and a price target of $328.The CyberArk Software Thesis: Identity spending remains important as the company is a security vendor and this market is "largely best in class" and could "c ...