Just How Positive is JP Morgan on CyberArk Software (NASDAQ:CYBR) Following Their Upgrade?

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CyberArk Software (NASDAQ:CYBR) Stock Upgrade

Analysts at the JP Morgan equities division raised shares of CyberArk Software (NASDAQ:CYBR) from a Underweight to a Overweight on Thursday, 10 December.

From a total of 12 analysts covering Cyber-Ark Software (NASDAQ:CYBR) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $72 while the lowest target price is $42. The mean of all analyst targets is $59.33 with a 44.64% above today’s ($42.18) stock price. Cyber-Ark Software was the topic of 19 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Imperial Capital maintained shares on November 13 with “In-Line” rating. Vetr upgraded shares to “Buy” rating and $67.1 target share price in a report from an August 24. DA Davidson initiated CYBR stock in a recent report from October 16 with “Neutral” rating. Zacks upgraded the rating on August 18. Zacks has a “Hold” rating and a $68 price target on shares. Finally, Deutsche Bank upgraded the stock to “Buy” rating in a report issued on a September 21.

Approximately 1.64M shares of stock traded hands or 33.33% up from the average. Cyberark Software Ltd (NASDAQ:CYBR) has declined 36.70% since May 7, 2015 and is downtrending. It has underperformed by 34.77% the S&P500.

Cyberark Software Ltd is an Israel-based security company. The company has a market cap of $1.21 billion. The Company’s provides information technology security solutions that protect organizations from cyber attacks. It has 65.72 P/E ratio. The Company’s products include CyberArk Shared Technology Platform, Privileged Account Security Solution and Sensitive Information Management Solution.

According to Zacks Investment Research, “CyberArk Software Ltd. provides information technology security solutions. The Company offers services which protect organizational privileged accounts from cyber-attacks. Its products include CyberArk Shared Technology Platform, Privileged Account Security Solution and Sensitive Information Management Solution. The company offers privileged account security solution consists of enterprise password vault, which provides a tool to manage and protect physical, virtual, or cloud-based assets in an organization; privileged session manager that protects IT assets; and application identity manager, which addresses the challenges of hard-coded, embedded credentials, and cryptographic keys being hijacked and exploited by malicious insiders or external cyber attackers. CyberArk Software Ltd. is headquartered in Petach Tikva, Israel.” Get a free copy of the Zacks research report on Cyberark Software Ltd (CYBR).

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