CyberArk stock price target raised to $390 by DA Davidson By Investing.com
On Friday, DA Davidson increased their price target on shares of CyberArk Software (NASDAQ: NASDAQ:) to $390, up from the previous target of $360, while reaffirming a Buy rating on the stock. The new price target reflects the firm’s confidence in the company’s prospects and market position.
The stock has demonstrated remarkable momentum, delivering a 56.57% return over the past year and currently trading near its 52-week high of $348.02. According to InvestingPro analysis, which offers comprehensive valuation metrics and 14 additional investment tips, the stock appears to be trading above its Fair Value.
The decision by DA Davidson’s analyst comes in the wake of a recent security breach at the US Treasury Department, which was linked…
