CyberArk Software Downgraded to "Perform" by Oppenheimer

CyberArk Software (CYBR) has received a downgrade from Oppenheimer to "Perform" from "Outperform". The downgrade did not come with a revised price target. Recent analyst actions have provided varied perspectives on the company's future performance prospects. The average target price for CYBR is $455.54, with a high estimate of $585.00 and a low estimate of $352.54, indicating a potential upside of 10.17%.

CyberArk Software (CYBR) has experienced a notable shift in its analyst rating, as Oppenheimer downgraded the company from "Outperform" to "Perform" as of August 1, 2025. The downgrade, led by analyst Ittai Kidron, did not come with a revised price target, indicating a recalibration in expectations from Oppenheimer [1].

The move follows a series of analyst actions that have provided varied perspectives on CyberArk's future performance prospects. On July 31, 2025, DA Davidson maintained a "Buy" rating and raised the price target from $465.00 to $518.00 USD, while RBC Capital downgraded to "Sector Perform" and raised the price target from $420.00 to $448.00 USD [1]. These actions highlight the differing views among analysts on the company's potential.

Oppenheimer's downgrade coincides with CyberArk's acquisition by Palo Alto Networks, valued at approximately $25 billion. The acquisition aims to enhance Palo Alto's platform offerings by integrating CyberArk's identity security platform. Oppenheimer cited the expected timely closure of the acquisition as a key factor in its rating change, noting that while CyberArk shares currently trade below the implied transaction price, the potential upside remains insufficient to maintain an "Outperform" rating [2, 3].

CyberArk's second-quarter results, released simultaneously with the acquisition announcement, exceeded consensus expectations. The company reported total Annual Recurring Revenue (ARR) of approximately $1.275 billion, marking a 47% year-over-year growth. Following these announcements, DA Davidson and Mizuho raised their price targets for CyberArk, while RBC Capital downgraded the company to "Sector Perform" [2, 3].

Based on the one-year price targets offered by 34 analysts, the average target price for CyberArk Software Ltd (CYBR) is $455.54, with a high estimate of $585.00 and a low estimate of $352.54. This indicates a potential upside of 10.17% from the current price of $413.49 [1]. The average brokerage recommendation from 37 firms is currently 2.3, indicating an "Outperform" status [1].

GuruFocus estimates the estimated GF Value for CyberArk Software Ltd (CYBR) in one year to be $386.24, suggesting a downside of 6.59% from the current price of $413.485 [1].

References:
[1] https://www.gurufocus.com/news/3028340/cybr-sees-analyst-downgrade-by-oppenheimer-to-perform-cybr-stock-news
[2] https://za.investing.com/news/analyst-ratings/oppenheimer-downgrades-cyberark-stock-rating-to-perform-after-palo-alto-acquisition-93CH-3815667
[3] https://www.investing.com/news/analyst-ratings/oppenheimer-downgrades-cyberark-stock-rating-to-perform-after-palo-alto-acquisition-93CH-4165243