RBC Capital Markets analyst Matthew Hedberg initiates coverage of CyberArk Software with an Outperform rating, citing strong growth potential in the identity security market. Hedberg expects CyberArk’s recent acquisition of Venafi to accelerate growth and believes the company can maintain a 20% organic growth rate for several years.
Results for: RBC Capital Markets
RBC Capital Markets has initiated coverage on IQVIA Holdings Inc. (IQV) with an Outperform rating and a price target of $275. The analyst believes IQVIA’s vast data assets and strong competitive positioning will drive significant earnings growth in the coming years, despite recent headwinds from the COVID-19 pandemic. The company’s unique data collection and expertise in drug development are expected to position it for continued success.
Concentra Group Holdings Inc. (CON) priced its initial public offering (IPO) at $23.50 per share, attracting positive analyst attention from RBC Capital Markets. The firm highlights Concentra’s unique business model with strong growth potential and minimal regulatory risks, leading to an Outperform rating and a price target of $33.