KeyBanc Capital Markets has revised its price target for CyberArk (CYBR, Financial), reducing it from $485 to $425. Despite this adjustment, the firm maintains an Overweight rating on the cybersecurity company's shares.
The decision to lower the price target is influenced by recent macroeconomic survey data that appears weaker, along with declining peer multiples in the market. KeyBanc's analysis suggests that while CyberArk's first-quarter bookings might remain stable, investors should anticipate more conservative guidance going forward. This caution stems from the development of sales pipelines that are growing, albeit at a slower pace of signings.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 34 analysts, the average target price for CyberArk Software Ltd (CYBR, Financial) is $440.71 with a high estimate of $500.00 and a low estimate of $352.11. The average target implies an upside of 33.03% from the current price of $331.30. More detailed estimate data can be found on the CyberArk Software Ltd (CYBR) Forecast page.
Based on the consensus recommendation from 37 brokerage firms, CyberArk Software Ltd's (CYBR, Financial) average brokerage recommendation is currently 1.7, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for CyberArk Software Ltd (CYBR, Financial) in one year is $330.79, suggesting a downside of 0.15% from the current price of $331.3. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the CyberArk Software Ltd (CYBR) Summary page.
