Analysts still rate the cybersecurity company, the fourth most valuable Israeli company on Wall Street, as undervalued.
Cybersecurity company CyberArk Software (Nasdaq: CYBR), headed by Matt Cohen, reached an unprecedented market value of $16.7 billion last week, making it the fourth-largest Israeli company traded on Wall Street, after Teva, Check Point and Mobileye. In the last two sessions of the week, the company’s share price rose by 1.9%, completing the week’s rise of about 6%.
There are two positive developments behind this rise. The first is that Wells Fargo Bank raised its price target on the stock on Thursday from $350 to $410, 20.8% above the current price, and said that 2025 could be very positive for the company and that it will likely beat expectations.
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Meanwhile, the website Simply Wall Street cited CyberArk as one of a number of currently undervalued companies, writing that its revenues and profits were growing faster than those of the market as a whole. Analysts at Morgan Stanley also estimated that CyberArk could benefit from the reported hack of computers at the US Treasury by Chinese agents, given that the systems compromised were those of its own competitor BeyondTrust.
Published by Globes, Israel Business News – en.globes.co.il – on January 6, 2025.
© Copyright Globes Publisher Itonut (1983) Ltd., 2025.

CyberArk CEO Matt Cohen and Founder and CEO Ehud Makadi Credit: PR

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