CyberArk shares poised for over 20% growth as analysts revise forecasts

In the United States, Bank of America published a report on February 19, 2025, indicating strong growth potential for CyberArk, a cybersecurity firm based in Israel. Analyst Madeline Brooks revised her price target for CyberArk's stock, increasing it by $145 to $500, suggesting that shares could see a rally of 22% from the last close. Brooks has a buy rating for the stock and cited the evolution of the identity security market as a significant factor.  Brooks highlighted that the identity security market is shifting from fragmented products to becoming a foundational element of cybersecurity. CyberArk is well-positioned to benefit from this transition due to its comprehensive offerings that cater to both human and machine identities. It was noted by Brooks that the market for machine identity within the identity security sphere is at a crucial turning point, which could provide substantial growth opportunities.  Furthermore, Brooks projected that CyberArk's Venafi business could grow by 20% or more this year, showcasing the company's strong potential in the relevant market space. The report underscores CyberArk's solid operational metrics and continuing successful execution of its strategies, suggesting a positive outlook for the company's future endeavors.  As financial markets react, CyberArk shares began to rise 0.2% ahead of the trading session, reflecting investors' confidence in the company's future performance amid these optimistic forecasts. The elevated price target set by Bank of America puts Brooks among the highest analysts' price estimates for CyberArk, further cementing the notion that the firm's strategic positioning may yield significant returns for investors as the identity security landscape evolves.