DA Davidson Raises CyberArk (CYBR) Price Target, Maintains Buy Rating

CyberArk Software Ltd. (NASDAQ:CYBR) is one of 12 best cybersecurity stocks to buy now. 

CyberArk Software Ltd. (NASDAQ:CYBR) received a vote of confidence from DA Davidson, as analyst Rudy Kessinger raised the firm’s price target on the cybersecurity firm to $465 from $435 while maintaining a Buy rating. The upward revision follows a group investor call hosted with CyberArk’s Chief Financial Officer, where management’s tone appeared upbeat despite the backdrop of a typically back-end loaded quarter.

A data center with a repetetive design of computer servers, showing the companies’ efficient and secure IT infrastructure.

Kessinger noted that with three weeks remaining in the current reporting period, CyberArk’s leadership did not indicate any signs of macroeconomic weakness impacting performance. According to his note to clients, the company appears to be executing well and remains on track with its financial and operational goals. The lack of caution from management was seen as particularly encouraging, given broader uncertainty in the software and cybersecurity sectors.

CyberArk Software Ltd. (NASDAQ:CYBR), known for its leadership in identity security and privileged access management, has continued to see strong demand for its solutions as enterprises invest in infrastructure to defend against increasingly sophisticated threats. The company’s transition to a subscription-based model has also gained traction, contributing to more predictable revenue growth and long-term customer relationships. DA Davidson’s revised price target reflects growing confidence in CyberArk’s market position and execution capabilities. Kessinger’s outlook reinforces the company as a top pick in cybersecurity, with fundamentals that appear well-aligned for continued strength heading into the second half of the year.

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