Market Overview

Vetr Issues Strong Buy As Cyberark Takes A Hit

Share:

The Vetr crowd on Monday upgraded its rating for Cyberark Software Ltd (NASDAQ: CYBR) from 4 stars (Buy), issued eight days ago, to 5 stars (Strong Buy). Crowd sentiment at the time of the upgrade was mostly positive, with 85 percent of Vetr user ratings bullish.

Share price in Cyberark experienced a major correction at the start of Friday's session following a successful Q1 earnings report that saw the company exceed sales estimates by more than $1 million at $59.035 million for the quarter. The stock dropped more than 12 percent in response to the company's lowered Q2 guidance, finishing the day down about $6.85.

The stock picked up slightly the following Monday, but still traded down to close at $47.82.

Learn how crowdsourced ratings could help you time the market.

Currently, the Vetr crowd's average target price for Cyberark is up at $60.34, which is above the average analyst target price of $58.50. Less than 2 percent of Vetr users are holding CYBR in their watch lists.

Latest Ratings for CYBR

DateFirmActionFromTo
May 2020JMP SecuritiesMaintainsMarket Outperform
May 2020GuggenheimReiteratesBuy
May 2020UBSMaintainsNeutral

View More Analyst Ratings for CYBR
View the Latest Analyst Ratings

 

Related Articles (CYBR)

View Comments and Join the Discussion!

Posted-In: VetrUpgrades Price Target Crowdsourcing Analyst Ratings Tech

Latest Ratings

StockFirmActionPT
CECENeedhamMaintains10.0
MERCRBC CapitalDowngrades9.0
SGHRosenblattInitiates Coverage On45.0
VECOOppenheimerInitiates Coverage On18.0
NVAXJP MorganUpgrades46.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com