Billionaire George Soros’ 10 Mid-Cap Stocks With Huge Upside Potential

6. CyberArk Software Ltd. (NASDAQ:CYBR)

Soros Fund Management’s Stake Value: $46.7 Million

Number of Hedge Fund Holders: 57

CyberArk Software Ltd. operates as a marketer, developer, and seller of software-based identity security solutions and services. The company’s solutions consist of Remote Access, Secure Infrastructure Access, Privileged Access Manager and Privilege Cloud, Endpoint Privilege Manager, and Secure Desktop. According to the median analyst price target, the stock still has an upside of 42.22%.

Recently, CyberArk was in the spotlight after investment firm Jefferies maintained its Buy rating and price target of $351 on it. Analyst Joseph Gallo highlighted the company’s strong position and considered its Venafi platform a market leader in machine identity.  Analysts believe Venafi has significant growth potential.

Analyst Joseph Gallo stated:

“We hosted a machine identity consultant to gauge CYBR’s Venafi opportunity, the expert views Venafi in a leadership position & has confidence in its growth [re-acceleration] potential (was only growing 10% [year-over-year] when acquired). While other identity vendors will certainly have a right to win some share in machine identity, we gained incremental confidence in Venafi’s tech moat & CYBR’s ability to turbocharge growth.”

Needham showed a similar sentiment on the stock by recommending it as its top pick last month. The firm maintained its Buy rating on the stock, citing the transformative impact of the Venafi acquisition and strong demand for Privileged Access Management (PAM). Needham also maintained its price target of $480 on the company’s shares.