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We recently compiled a list of the 10 Companies That Analysts Just Upgraded. In this article, we are going to take a look at where CyberArk Software (NASDAQ:CYBR) stands against the other companies that just upgraded.
The last week was full of negativity as the S&P went down nearly 3.5%. Matters were made worse by raging wildfires in Los Angeles, which have shocked people across the country. Amidst all this, there were a lot of positive developments as analysts continued to point out companies poised for a great performance in 2025.
Artificial Intelligence stocks continue to dominate coverage despite the fear of a slowdown in spending. With agentic AI the new hype, many companies are only just entering their AI journey, so investors still have a lot of undervalued plays that are worth looking at.
To come up with the list of 10 companies that analysts just upgraded, we only considered companies with a market cap of at least $1 billion.
A data center with a repetetive design of computer servers, showing the companies' efficient and secure IT infrastructure.
CyberArk Software (NASDAQ:CYBR)
CyberArk Software (NASDAQ:CYBR) 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 Software (NASDAQ:CYBR) 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.
Overall CYBR ranks 1st on our list of the companies that just upgraded by analysts. While we acknowledge the potential of CYBR as an 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.