Analysts Offer Insights on Technology Companies: CyberArk (NASDAQ: CYBR) and Level 3 (NYSE: LVLT)

By Jason Carr

Analysts fell to the sidelines weighing in on CyberArk (NASDAQ: CYBR) and Level 3 (NYSE: LVLT) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

CyberArk (NASDAQ: CYBR)

Barclays analyst Saket Kalia downgraded CyberArk (NASDAQ: CYBR) to Hold on July 14 and set a price target of $46. The company’s shares closed on Friday at $42.68, close to its 52-week high of $59.28.

According to TipRanks.com, Kalia is a 4-star analyst with an average return of 8.4% and a 54.3% success rate. Kalia covers the Technology sector, focusing on stocks such as Nuance Communications, SecureWorks Corp, and Carbonite Inc.

Currently, the analyst consensus on CyberArk is Moderate Buy and the average price target is $50.45, representing a 18.2% upside.

In a report issued on July 14, J.P. Morgan also downgraded the stock to Hold.
Level 3 (NYSE: LVLT)

In a report issued on July 14, Amir Rozwadowski from Barclays maintained a Hold rating on Level 3 (NYSE: LVLT), with a price target of $59. The company’s shares closed on Friday at $58.12.

According to TipRanks.com, Rozwadowski is a 5-star analyst with an average return of 20.6% and a 67.0% success rate. Rozwadowski covers the Technology sector, focusing on stocks such as Zayo Group Holdings, America Movil, and CenturyLink.

Currently, the analyst consensus on Level 3 is Hold and the average price target is $62, representing a 6.7% upside.

In a report issued on July 7, RBC Capital also reiterated a Hold rating on the stock with a $61 price target.

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