Bank of America raises CyberArk price target to $500 citing identity security growth
cnbc.com —
Bank of America has raised its price target for CyberArk shares from $355 to $500, suggesting a potential increase of 22% from the previous close. This adjustment reflects the evolving identity security market. Analyst Madeline Brooks noted that CyberArk is well-positioned to benefit from this market shift, particularly in machine identity. She expects the company's Venafi business to grow by over 20% this year. CyberArk shares rose 0.2% before the market opened on Wednesday. The stock has increased 23% in 2025, following a 52% rise last year.