DA Davidson raised its price target from $518 to $573 and reiterated a Buy rating, while Jefferies maintained its Buy recommendation following the company’s quarterly beat. These adjustments reflect growing confidence in CyberArk’s growth trajectory and market positioning. The company achieved net new annual recurring revenue of $99 million, marking a 20% increase year-over-year. Management attributed this record ARR growth to strong enterprise demand for privileged access management across human, machine, and AI identities. In fiscal Q4 2025, CyberArk reported revenue of $372.65 million, an 18.53% year-over-year increase, surpassing consensus by $9.71 million. Earnings per share of $1.33 outperformed estimates by $0.18, driven by broad-based strength across its product suite.