Cyberark Software Ltd CYBR shares are up 3.4 percent in Friday's pre-market trading after Wells Fargo analyst Gray Powell upgraded the stock to Outperform from Market Perform.
Powell holds a valuation range target of $70 to $73 on the stock -- upside of more than 20 percent.
Outlets citing the report say the analyst is bullish on Cyberark's billings and sales growth versus competitors, along with a market environment paying more attention to security issues.
In a recent barrage of notes, analysts disagreed on the company's future. William Blair likes Cyberark's execution, while O'Neil Equity Research thinks it's "well-positioned" against peers. J.P. Morgan, however, maintains an Underweight rating on Cyberark due to increased competition from CA, Inc. CA.
Peer Play
According to a recent interview with PureFunds CEO Andrew Chanin, Cyberark's closest comparable peer may be newly-IPOed Rapid7 Inc RPD. Both stocks offer investors small-cap ways to play a space expected to growth at a Compound Annual Growth Rate near 10 percent over the next five years.
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