10 Trending AI Stocks on Latest News and Ratings

2. CyberArk Software Ltd. (NASDAQ:CYBR)

Number of Hedge Fund Holders: 57

CyberArk Software Ltd. (NASDAQ:CYBR) is a software company that develops, markets, and sells software-based identity security solutions and services. The company leverages AI, through the “CORA AI” platform, to enhance identity security solutions by providing real-time threat detection, response recommendations, and automated actions to protect against cyber threats. On March 3, analysts at Citi reiterated a Buy rating on the stock and increased the price target to $450 from $410.

Analysts at Citi, led by Fatima Boolani, remain bullish about CyberArk Software Ltd.’s (NASDAQ:CYBR) prospects as investors continue to discuss the potential of machine and agentic AI in the cybersecurity sector. The analysts expect the company to capture significant market share owing to its robust product portfolio, especially in markets poised to benefit from a trend towards software-as-a-service (SaaS) subscription renewals. CyberArk Software boasts an impressive 33.1% revenue growth and 79.2% gross profit margins that should benefit from increased focus on AI-powered solutions in the cybersecurity sector.