Are CyberArk Software Ltd (CYBR) stocks a prudent buy?

CyberArk Software Ltd [CYBR] stock is trading at $249.70, up 1.37%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CYBR shares have gain 6.70% over the last week, with a monthly amount glided 6.84%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

CyberArk Software Ltd [NASDAQ: CYBR] stock has seen the most recent analyst activity on March 28, 2024, when BTIG Research initiated its Buy rating and assigned the stock a price target of $317. On January 09, 2024, downgrade downgraded it’s rating to Equal-Weight and revised its price target to $240 on the stock. Susquehanna started tracking the stock assigning a Positive rating and suggested a price target of $255 on December 15, 2023. Jefferies initiated its recommendation with a Buy and recommended $240 as its price target on December 15, 2023. Wells Fargo upgraded its rating to Overweight for this stock on December 04, 2023, and upped its price target to $250. In a note dated October 17, 2023, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $182 to $200.

CyberArk Software Ltd [CYBR] stock has fluctuated between $142.37 and $283.00 over the past year. Currently, Wall Street analysts expect the stock to reach $199.81 within the next 12 months. CyberArk Software Ltd [NASDAQ: CYBR] shares were valued at $249.70 at the most recent close of the market. An investor can expect a potential drop of -19.98% based on the average CYBR price forecast.

Analyzing the CYBR fundamentals

CyberArk Software Ltd [NASDAQ:CYBR] reported sales of 811.73M for the trailing twelve months, which represents a growth of 37.01%. Gross Profit Margin for this corporation currently stands at 0.8% with Operating Profit Margin at -0.09%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.03 and Total Capital is -0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.68.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 244.55 points at the first support level, and at 239.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 252.41, and for the 2nd resistance point, it is at 255.11.

Ratios To Look Out For

For context, CyberArk Software Ltd’s Current Ratio is 1.14. Further, the Quick Ratio stands at 1.14, while the Cash Ratio is 0.4. Considering the valuation of this stock, the price to sales ratio is 13.02, the price to book ratio is 12.62.

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