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UPDATE: Barclays Initiates Coverage On CyberArk Software

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In a note released Monday, Barclays analyst Saket Kalia initiated coverage of CyberArk Software Ltd (NASDAQ: CYBR) with an Equal-weight rating and a $32 price target.

Kalia commented, "CYBR is a leader in the privileged account security space, with a thorough, well-integrated, and enterprise-ready solution." He added this should allow the company to participate in the 25-30 percent growth in privileged accounts. However, Kalia said at current levels investors would be better off looking for a more attractive entry point.

Shares of CyberArk Software were trading up slightly to $30.30 amid the initiation.

Latest Ratings for CYBR

DateFirmActionFromTo
Jan 2021Morgan StanleyMaintainsOverweight
Sep 2020BarclaysUpgradesEqual-WeightOverweight
Aug 2020Morgan StanleyMaintainsOverweight

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Posted-In: Barclays Saket KaliaAnalyst Color News Price Target Initiation Analyst Ratings

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