CyberArk Software Surpasses Analyst Price Target—What’s Next?
In recent trading, shares of CyberArk Software Ltd (Symbol: CYBR) have risen above the average 12-month analyst target price of $384.69, trading at $389.97 per share. When a stock hits its target, analysts typically have two options: either downgrade on valuation or raise their target to a higher level. Their decision may also depend on recent business developments that help elevate the stock price—if the company shows promise, it might warrant a higher target.
There are 29 different analyst targets within the Zacks coverage universe contributing to the average for CyberArk Software Ltd. However, this average is merely a mathematical compilation. While some analysts predict lower targets, with one setting a price of $316.00, others believe in a more optimistic future, with a target as high as $450.00. The standard deviation among these predictions stands at $30.814.
The purpose of examining the average CYBR price target is to harness a collective insight, combining contributions from multiple analysts rather than relying on the opinion of just one. With CYBR now above the average price target of $384.69 per share, investors have an opportunity to reassess their views on the company. They must decide: is $384.69 just a temporary checkpoint on the way to a higher target, or has the valuation stretched to a point where it’s wise to consider cashing in some gains? Below is a table detailing the recent sentiment among analysts covering CyberArk Software Ltd:
| Recent CYBR Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 27 | 27 | 26 | 27 |
| Buy ratings: | 2 | 1 | 1 | 1 |
| Hold ratings: | 1 | 1 | 1 | 1 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.13 | 1.1 | 1.11 | 1.1 |
The average rating shown in the last row of the table is based on a scale from 1 to 5, with 1 indicating a Strong Buy and 5 indicating a Strong Sell. This article utilized data from Zacks Investment Research via Quandl.com. For the latest Zacks research report on CYBR, please visit their website for free access.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
