William Blair analyst Jonathan Ho has maintained their bullish stance on CYBR stock, giving a Buy rating today.
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Jonathan Ho’s rating is based on CyberArk Software’s strong performance and strategic positioning in the cybersecurity market. The company has shown resilience against macroeconomic pressures, maintaining robust demand and deal closure rates, which underscores the defensive nature of its identity solutions.
CyberArk’s platform strategy, particularly the integration of Venafi and Zilla with its existing solutions, has demonstrated significant potential, driving cross-sell and upsell opportunities. The company’s ability to exceed revenue and earnings expectations, along with the anticipated growth from innovations like Agentic AI, further supports the Buy rating. These factors suggest that CyberArk is well-positioned to capture market share and establish a new standard in identity management.
According to TipRanks, Ho is a 4-star analyst with an average return of 12.5% and a 64.00% success rate. Ho covers the Technology sector, focusing on stocks such as CyberArk Software, Akamai, and Check Point.
In another report released today, BTIG also maintained a Buy rating on the stock with a $425.00 price target.
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