11 AI News That You Should Not Miss

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5. CyberArk Software Ltd. (NASDAQ:CYBR)

Number of Hedge Fund Holders: 51

CyberArk Software Ltd. (NASDAQ:CYBR) specializes in identity security solutions, leveraging AI for adaptive multi-factor authentication, privileged access management, and endpoint security.

Stifel analyst Adam Borg raised CyberArk’s (NASDAQ:CYBR) price target to $370 from $335 and maintained a Buy rating, reported by The Fly on December 18. The analyst sees a positive end to 2024 for the enterprise software sector, fueled by stabilizing growth, early signs of AI monetization, and favorable economic conditions, including declining interest rates. While Q1 guidance may be conservative, the firm expects top-line growth to remain strong, reflecting the positive factors in play.

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