CyberArk Software Ltd. has received a consensus recommendation of Hold from 32 brokerage analysts. Of those, one analyst recommends Sell, 23 recommend Hold, seven recommend Buy and one rates the stock Strong Buy. The average 12-month price target across these firms stands at 464.50, reflecting tempered enthusiasm following recent earnings and macro uncertainties.

In the fourth quarter, CyberArk delivered non-GAAP earnings per share of 1.33, outpacing consensus estimates by approximately 0.18, while revenue grew 18.5% year-over-year to 372.7 million. Subscription revenue, which now represents 83% of total sales, climbed 28% to 310.5 million, and annual recurring revenue rose 23% to 1.44 billion. Non-GAAP operating income expanded to 75.0 million (20% margin), up from 58.7 million (19% margin) in the prior year period, driven by strong subscription uptake and improved operating leverage. Free cash flow for the quarter reached 127.5 million, nearly doubling year-over-year.

Following the quarter, DA Davidson boosted its price target to 573 and maintained a Buy rating, citing record net new ARR growth of roughly 20% year-over-year and accelerating subscription momentum. Conversely, Barclays lowered its target to 460 and moved to Equal Weight, and Mizuho trimmed its target to 470 while retaining an Outperform rating, both pointing to valuation concerns given negative net margins and short-term deal uncertainty. Jefferies also downgraded from Strong Buy to Hold, reflecting mixed sentiment on near-term profitability versus long-term subscription potential.