CyberArk shares can rally more than 20% as identity security market evolves, BofA says

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CyberArk shares can rally more than 20% as identity security market evolves, BofA says

Bank of America sees more room for CyberArk shares to run. Analyst Madeline Brooks hiked her price target on the cybersecurity stock by $145 to $500. The updated target from Brooks, who has a buy rating, suggests shares can rally 22% from Tuesday’s close. With that increase, Brooks appears to be tied for the highest price target among analysts covering CyberArk, according to LSEG. “The Identity Security market is evolving from a collection of fragmented point products to a foundational pillar in cybersecurity,” Brooks wrote in a Tuesday note to clients. “We believe CyberArk is well positioned to capture the opportunity given the breadth and depth of its offering across human and machine identities.” Brooks went onto describe machine identity within identity security being at a “key inflection point” within the market. She said that CyberArk should be able to grow its Venafi business by 20% or more this year. More broadly, the analyst said CyberArk’s metrics show “continued execution on all fronts.” She also described the company’s core business as “strong.” U.S.-listed shares of the Israeli company ticked 0.2% higher before the bell on Wednesday. Shares have climbed 23% in 2025, extending last year’s rally of more than 52%. CYBR YTD mountain CyberArk in 2025

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