Guggenheim analyst John Difucci initiates coverage on $CyberArk (CYBR.US)$ with a buy rating, and sets the target price at $373.
According to TipRanks data, the analyst has a success rate of 65.3% and a total average return of 20.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $CyberArk (CYBR.US)$'s main analysts recently are as follows:
Looking ahead to 2025 in the fields of security, design, and vertical-specific software, there are positive expectations for certain companies. These companies are anticipated to benefit from either an improving overall environment, prospects in artificial intelligence, or narratives related to margin improvements.
CyberArk is anticipated to substantially surpass the consensus estimates for Q4 subscriptions and overall revenue with significant positive potential. However, there might be limited scope for exceeding the consensus estimates on Annual Recurring Revenue, particularly considering the specific factors projected to impact the Software sector by 2025.
The software sector is anticipated to see another positive year in 2025, likely driven by multiple catalysts. These include stabilized and improving spending trends, the potential for generative artificial intelligence to foster new innovations, and beneficial comparisons for first-half estimates as management strategies focus on growth.
Note:
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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.
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