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Vetr Upgrades Cyberark In Tandem With Analyst

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BofA: Cyberark Is A 'Critical' Element Of Cyber Defense
Benzinga's Top Upgrades, Downgrades For February 20, 2018

The Vetr crowd upgraded their rating for Cyberark Software Ltd (NASDAQ: CYBR) from 4 stars (Buy), issued 35 days ago, to 5 stars (Strong Buy). Crowd confidence at the time of the upgrade was mostly positive, with 80 percent of Vetr user ratings bullish.

Vetr's upgrade comes on the same day as another upgrade for the IT security company from analysts with Evercore who moved the stock to Outperform from In-line. Following the pre-market upgrade, shares jumped 4 percent to open the day cresting the $51 mark. The stock corrected over the course of the day, but still ended up at $50.15.

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Currently, the Vetr crowd's average target price for Cyberark is up at $61, which is above the average analyst target price of $57.92. Less than 2 percent of Vetr users are holding CYBR in their watch lists.

Latest Ratings for CYBR

DateFirmActionFromTo
May 2018Bank of AmericaMaintainsBuyBuy
May 2018Morgan StanleyMaintainsEqual-WeightEqual-Weight
May 2018Deutsche BankMaintainsHoldHold

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Posted-In: VetrUpgrades Price Target Crowdsourcing Analyst Ratings

 

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