Evercore ISI Begins Covering CyberArk Software (NASDAQ:CYBR) Stock. “Shares to Hit $43.00”

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Why Has Evercore ISI Given CyberArk Software (NASDAQ:CYBR) a $43.00 Price Target

Evercore ISI has just issued a Hold rating for CyberArk Software (NASDAQ:CYBR) shares. The firm have commenced coverage coverage on shares of CYBR in an interesting research report issued on 15 December. This target price may mean upside of 2.26% from the last close price of CyberArk Software (NASDAQ:CYBR).

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 47.62% above today’s ($41.33) stock price. Cyber-Ark Software was the topic of 20 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. JP Morgan upgraded shares on December 10 to “Overweight” rating. Deutsche Bank upgraded shares to “Buy” rating and $65 target share price in a report from a September 21. Bank of America downgraded CYBR stock in a recent report from November 10 to “Neutral” rating. Vetr upgraded the rating on August 24. Vetr has a “Buy” rating and a $67.1 price target on shares. Finally, Nomura upgraded the stock to “Buy” rating in a report issued on a September 25.

Approximately 581,699 shares of stock traded hands. Cyberark Software Ltd (NASDAQ:CYBR) has declined 33.34% since May 12, 2015 and is downtrending. It has underperformed by 29.66% the S&P500.

Cyberark Software Ltd is an Israel-based security company. The company has a market cap of $1.26 billion. The Company’s provides information technology security solutions that protect organizations from cyber attacks. It has 64.39 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.”

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