11 Must-Buy AI Stocks Analysts Are Betting On

6. CyberArk Software Ltd. (NASDAQ:CYBR)

Stock Upside Potential as of June 18: 15.46%

Number of Hedge Fund Holders as of Q1: 64

CyberArk Software Ltd. (NASDAQ:CYBR) is one of the 11 must-buy AI stocks analysts are betting on. On June 16, Jefferies reiterated its Buy rating on the stock and increased the price target to $480 from $430. The adjustment comes as the research firm remains confident about the company’s strong positioning in the cyber-attacks market.

According to Jefferies, CyberArk Software has outperformed the overall market with a 16% yearly gain. The impressive run is supported by the company’s 35.12% revenue growth and 77.91% gross profit margin, affirming growth.

Jefferies expects the company to register significant growth in its annual recurring revenue through new Privileged Access Management (PAM) customers, maintenance conversions, and cross-selling opportunities. The firm also expects the company to achieve free cash flow margins of over 27%.

CyberArk Software Ltd. (NASDAQ:CYBR) is a software company specializing in cybersecurity, focusing on Identity Security and Privileged Access Management (PAM). Its solutions help organizations protect their valuable assets by securing access to human and machine identities across various environments. It uses Artificial Intelligence (AI) in its Identity Security Platform to enhance security, efficiency, and user experience.