10 Buzzing AI Stocks on Wall Street

6. CyberArk Software Ltd. (NASDAQ:CYBR)

Number of Hedge Fund Holders: 72

CyberArk Software Ltd. (NASDAQ:CYBR) is one of the 10 Buzzing AI Stocks on Wall Street. On September 23, Citizens JMP analyst Trevor Walsh downgraded the stock from Market Outperform to Market Perform without a price target. The firm cited the pending acquisition by PANW behind the rating downgrade.

The firm believes that there isn’t a superior proposal at this time, and that the transaction is going to close according to the noted timeline.

“We downgrade our rating to Market Perform from Market Outperform (prior $480 price target) given the pending acquisition by Palo Alto Networks. Both boards have approved Palo Alto’s offer of $45 in cash + 2.2005 PANW shares per CYBR share. CyberArk currently trades at a CY26E EV/revenue multiple of 15.9x, a premium to the mean multiple of 15.0x for our peer group. With shares currently trading modestly above our prior PT, we believe this is a fair valuation and we do not anticipate a superior unsolicited proposal at this time and believe the transaction will close in accordance with the noted timeline.”

CyberArk Software Ltd. (NASDAQ:CYBR) develops, markets, and sells software-based identity security solutions and services.