10 Companies That Analysts Just Upgraded

1. CyberArk Software (NASDAQ:CYBR)

CyberArk became Needham’s top pick in the cybersecurity sector based on growth and synergies from the Venafi cross-sell. On the back of the Venafi acquisition, the company is expected to up its annual recurring revenue guidance to $1.39 billion.

In a note to clients, Needham analyst Matt Dezort mentioned that despite significant outperformance in 2024, the stock is poised for sustainable gains in 2025 as well. He upgraded the price target on the stock from $360 to $410.

In the past, CyberArk has been really conservative with guidance, eventually beating expectations by over 5% every year. 2025 should be similar according to analysts, even in the absence of any major catalyst to the upside.

Just last week, Wells Fargo also added the company to its Tactical Idea list and upgraded its price target to $410.

CyberArk is not on our latest list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 51 hedge fund portfolios held CYBR at the end of the third quarter which was 55 in the previous quarter. While we acknowledge the potential of CYBR as a leading AI investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as CYBR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article was originally published at Insider Monkey.