10 AI News Updates Trending on Wall Street

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1. Cyberark Software Ltd. (NASDAQ:CYBR)

Number of Hedge Fund Holders: 51

CyberArk Software Ltd. (NASDAQ:CYBR) offers AI-powered identity security solutions to fortify privileged access management, endpoint protection, and multi-factor authentication in dynamic environments with real-time threat response mechanisms and recommendations on the CORA AI platform. The AI tool monitors systems for potential enterprise risks to provide actionable insights and at times implement automated actions depending on threat severity.

On January 30th, Rosenblatt analyst Catharine Trebnick increased CyberArk Software Ltd.’s (NASDAQ:CYBR) stock price target to $415 from $345 while reiterating a “Buy” rating. The brokerage expects the company to post “solid” Q4 results on February 13th. The analyst engaged with five CyberArk Software Ltd. (NASDAQ:CYBR) partners, where four highlighted the cybersecurity firm’s continued leadership in the privileged access management industry. The analyst said that the positive feedback and a “healthy pipeline” signals a potential upside to the share prices.

While we acknowledge the potential of CyberArk Software Ltd. (NASDAQ:CYBR) as an investment, our conviction lies in the belief that 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 more promising than CYBR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stock To Buy Now and Complete List of All AI Companies Under $2 Billion Market Cap.

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