CyberArk Software Presents Targets Until 2028 at Investor Day – BTIG Confirms Price Target of $485 (Buy)!
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CyberArk addresses an $80 billion market with a leading end-to-end identity security platform. The 10,000 existing customers provide an additional revenue opportunity of $10 billion. Potentially, over 80,000 companies worldwide could be reached. The acquisition of Zilla enhances the offering with AI-driven user access features and replaces outdated legacy systems with modern SaaS applications for the cloud. Annual recurring revenues are expected to double from $1.17 billion to $2.3 billion by 2028. BTIG reaffirms a price target of $485 (Buy)...
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