Baird analyst Rob Oliver downgrades Salesforce (NYSE:CRM) from Outperform to Neutral and lowers the price target from $200 to $150.
$60B TAM Target: CyberArk Bolsters Machine Identity Solutions With Venafi Acquisition
CyberArk Software Ltd. acquires Venafi from Thoma Bravo for $1.54 billion, adding $150 million in ARR and expanding TAM from $50 billion to $60 billion.