
CyberArk Software (CYBR) Stock Forecast & Price Target
CyberArk Software (CYBR) Analyst Ratings
Bulls say
CyberArk Software's transition to a subscription-based model has positioned it strongly within the growing identity security market, reflected in substantial metrics such as a 75% compound annual growth rate (CAGR) among customers spending over $1 million. The average annual recurring revenue (ARR) per new logo has increased by more than 45% since 2021, showcasing the company's successful expansion into new customer segments and enhanced service offerings. Furthermore, CyberArk's total addressable market (TAM) has significantly increased to $80 billion, illustrating the vast potential for continued growth as the demand for identity management solutions rises across various sectors.
Bears say
CyberArk Software's negative outlook is underscored by a significant anticipated decline in Net New Annual Recurring Revenue (ARR), projecting a reduction of 38% in CY25 compared to CY24, influenced by the prior Venafi acquisition. The company faces multiple risks, including saturation within the Privileged Access Management (PAM) market and potential difficulties in expanding into adjacent Identity Access Management (IAM) areas, compounded by a persistently challenging macroeconomic environment that may hinder margin growth and cash flow. Additionally, external factors such as political instability and conservative customer spending in economic downturns further exacerbate the company's financial challenges, alongside the heightened complexity and risk presented by the proliferation of AI in the cybersecurity landscape.
This aggregate rating is based on analysts' research of CyberArk Software and is not a guaranteed prediction by Public.com or investment advice.
CyberArk Software (CYBR) Analyst Forecast & Price Prediction
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