D.A. Davidson analyst Rudy Kessinger maintains $CyberArk (CYBR.US)$ with a buy rating, and adjusts the target price from $360 to $390.
According to TipRanks data, the analyst has a success rate of 47.9% and a total average return of 4.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $CyberArk (CYBR.US)$'s main analysts recently are as follows:
2025 is anticipated to be another promising year for the software sector, benefiting from multiple catalysts according to analysts. Spending trends have notably stabilized and shown improvement, and the emergence of generative artificial intelligence presents potential for driving innovative developments. Additionally, the first half of 2025 could see advantageous comparisons, with management teams focusing on growth strategies.
Analysts believe that the setup for CyberArk heading into 2025 is very positive, with expectations that the company will outperform for Q1 2025 and throughout the remainder of the year.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
