CyberArk is a cybersecurity company that specializes in protecting organizations from cyber threats by securing their critical assets and sensitive information
The company offers a suite of solutions designed to manage, monitor, and secure privileged accounts, credentials, and access within an organization’s IT environment. By providing tools for identity management, threat detection, and risk mitigation, CyberArk helps businesses safeguard their data and maintain compliance with various regulatory requirements. Their innovative approach to security focuses on preventing unauthorized access and ensuring that only the right individuals have the necessary permissions to critical systems.
Bank of America Securities analyst, Madeline Brooks, has increased the price target for CyberArk Software (NASDAQCYBR) by $145 to $500, indicating a potential surge in the company's shares.
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IT security solutions provider CyberArk Software has become a notable standout in the tech sector after exceeding third quarter expectations. Hitting all-time highs of $318 a share this week, the stock has rallied nearly +40% year-to-date.
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