CyberArk Software (CYBR) Receives a Buy from Cantor Fitzgerald

Cantor Fitzgerald analyst Jonathan Ruykhaver reiterated a Buy rating on CyberArk Software (CYBR – Research Report) yesterday and set a price target of $420.00. The company’s shares closed yesterday at $361.29.

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According to TipRanks, Ruykhaver is a top 100 analyst with an average return of 26.0% and a 66.85% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as CyberArk Software, CrowdStrike Holdings, and Fortinet.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for CyberArk Software with a $444.23 average price target, representing a 22.96% upside. In a report released today, Barclays also maintained a Buy rating on the stock with a $405.00 price target.

Based on CyberArk Software’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $314.38 million and a GAAP net loss of $97.12 million. In comparison, last year the company earned a revenue of $223.1 million and had a net profit of $8.91 million