Top 10 AI Stocks News: Latest Analyst Ratings And Upgrades

4. CyberArk Software Ltd. (NASDAQ:CYBR

Number of Hedge Fund Holders: 51

CyberArk Software Ltd. (NASDAQ:CYBR) is a cybersecurity firm that builds comprehensive identity security solutions for global clients. Its CORA AI ensures users secure privileged access in all environments with real-time support and insights. The AI-powered tool can proactively analyze risky behavior across enterprises, unravel hidden risks, make threat-response recommendations, and take automated action as required using the company’s Identity Security Platform. In 2024, the firm acquired Venafi from Thoma Bravo to build end-to-end identity security solutions to enhance security and minimize costly outages.

On January 27th, Wells Fargo analyst Andrew Nowinski hiked raised CyberArk Software Ltd.’s (NASDAQ:CYBR) target price per share to $425 from $410 and retained an “Overweight” stock rating. The brokerage highlighted that the cybersecurity firm is its top Tactical Q1 2025 idea, considering that the upcoming Analyst Day on February 24th will serve as a catalyst, where management could divulge more insight into growth expectations for Venafi and the core organic business. Wells Fargo forecast management to guide to 2025 ARR of at least $1.38 billion, as it will take a few quarters for Venafi to ramp up.