CyberArk (NASDAQ:CYBR) Change of Rating

Expert analysts at Goldman Sachs’s equities research division upped Cyberark (NASDAQ:CYBR)’s stock from Neutral to Buy on 30 March.

The rating upgrade is welcomed by equity traders, as NASDAQ:CYBR is currently trading 2.26% higher at $50.15 as of 2:03 AM New York time. CyberArk shares have [From2] 0% in the past 200 days, while the S&P 500 has added 13.57% during the same time.

Out of 14 brokers covering CyberArk, 0 rate it a Buy, 0 indicate a Hold while 0 suggest a Sell. The highest target is $60 and the lowest is $36 according to Thomson/First Call. The 12-month mean target is $50.14, which means downside potential of 0.02% over the current price.

CyberArk (NASDAQ:CYBR) Profile

CyberArk Software Ltd. (CyberArk) provides information technology (IT) security solutions that protect organizations from cyber-attacks. The Company’s products include Privileged Account Security Solution and Sensitive Information Management Solution. Its Privileged Account Security Solution enables its customers to secure, manage and monitor privileged account access and activities.

CyberArk (NASDAQ:CYBR) traded up 2.26% on 30 March, hitting $50.15. A total of 736,720 shares of the company’s stock traded hands. This is up from average of 432,794 shares. CyberArk has a 52 week low of $37.00 and a 52 week high of $59.28. The company has a market cap of $1.72B and a P/E ratio of 63.8.

Get the latest CyberArk (NASDAQ:CYBR) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

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