CyberArk Software (CYBR) was downgraded to a Hold rating by Scotiabank analyst Patrick Colville. Colville set a price target of $448.00, and the company's shares closed at $413.46. In addition to Scotiabank, CyberArk Software also received a Hold from BTIG's Gray Powell, but Barclays maintained a Buy rating. The company has a one-year high of $452.00 and a one-year low of $254.43.
CyberArk Software (NASDAQ:CYBR) faced a significant change in its analyst ratings this week, with Scotiabank downgrading the stock to a Hold rating. The downgrade comes as Scotiabank analyst Patrick Colville adjusted the price target to $448.00, down from the previous $460.00 target. The company's shares closed at $413.46 on Tuesday [1].
In addition to Scotiabank's downgrade, BTIG's Gray Powell also issued a Hold rating for CyberArk Software. However, Barclays maintained a Buy rating, providing a mix of analyst opinions on the stock [2]. This shift in ratings follows recent earnings results, where CyberArk Software reported $0.88 EPS for the quarter, exceeding the consensus estimate of $0.79 [1].
The stock has seen a range of price movements, with a one-year high of $452.00 and a one-year low of $254.43. The current market capitalization stands at $19.88 billion, with a PE ratio of -119.31 and a beta of 0.96 [1].
Institutional investors have been active in their holdings of CyberArk Software, with several notable increases in stakes during the first quarter. For instance, Bessemer Group Inc. increased its stake by 421.1%, and Golden State Wealth Management LLC increased its stake by 100.0% [1].
The recent downgrade and adjusted price target come amidst broader market conditions and potential strategic risks tied to the company's recent acquisition by Palo Alto Networks. The acquisition, valued at $25 billion, is expected to enhance CyberArk's global growth prospects [3].
References:
[1] https://www.marketbeat.com/instant-alerts/cyberark-software-nasdaqcybr-earns-sector-perform-rating-from-scotiabank-2025-08-05/
[2] https://www.marketscreener.com/news/scotiabank-downgrades-cyberark-software-to-sector-perform-from-sector-outperform-adjusts-price-targ-ce7c5edadc8bf325
[3] https://stockanalysis.com/stocks/cybr/
Comments
No comments yet