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On Friday, BofA Securities expressed confidence in cybersecurity firm CyberArk Software (NASDAQ:), sustaining its purchase score and growing its value goal from $300 to $315.
BofA analysts stated they “spotlight CyberArk as an undervalued cybersecurity firm and lift estimates and PO.”
Additionally, BofA Securities means that CyberArk’s monetary steering and medium-term targets could also be undervalued, with analysts anticipating future estimates to be revised considerably upward. . Such changes could end in a positive rerating of the market worth of the inventory.
CyberArk’s valuation relative to its business friends additional contributes to the inventory’s enchantment, in line with BofA Securities. The mixture of those optimistic facets and the potential for market rerating is predicted to drive inventory value outperformance. The new goal value of $315 remains to be primarily based on an estimated enterprise value-to-sales ratio of 12x for calendar 12 months 2025.
Investment Pro Insights
Amidst the upbeat vibe from BofA Securities, real-time information from InvestingPro gives extra context on CyberArk Software (NASDAQ:CYBR)’s monetary well being and market efficiency. The firm’s market capitalization is a wholesome $10.57 billion, reflecting its vital presence within the cybersecurity business. Despite the powerful P/E ratio of -160.69, analysts stay optimistic about CyberArk’s future prospects, as evidenced by 17 analysts upwardly revising subsequent 12 months’s earnings. This is a touch for InvestingPro, which suggests confidence in profitability.
InvestingPro Data additionally exhibits CyberArk’s trailing 12-month gross margin as of This autumn 2023 at a formidable 79.51%, highlighting CyberArk’s effectivity in producing earnings from income. Masu. This spectacular margin is proof of the corporate’s sturdy efficiency and resonates with the “undervalued participant” narrative recommended by BofA Securities. Moreover, the corporate has skilled a big income progress of 27.07% over the identical interval, indicating a gentle enlargement in enterprise actions and market demand for cybersecurity options.
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