12 AI News Investors Probably Missed

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8. CyberArk Software Ltd. (NASDAQ:CYBR)

Number of Hedge Fund Holders: 51

CyberArk Software Ltd. (NASDAQ:CYBR) provides identity security solutions, using AI to improve multi-factor authentication, privileged access management, and endpoint protection.

JMP Securities analyst Trevor Walsh increased the price target for CyberArk (NASDAQ:CYBR) to $390 from $360, maintaining an Outperform rating ahead of the Q4 earnings report. The firm expects the company to gain from trends such as government efficiency initiatives, the growing prioritization of identity security, and opportunities in cybersecurity tied to generative AI. The company’s strong position as a preferred identity security platform and potential benefits from its Venafi product lines are seen as key drivers for additional growth.

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