3 New Strong Buy Ratings from Top-Rated Analysts: 01/07/2025
Cyberark Software Inc. (NASDAQ: CYBR) gets a significant price target increase. Wix.com Ltd. (NASDAQ: WIX) remains a Strong Buy despite already gaining 58% in the past year. Boyd Gaming Corp. (NYSE: BYD) gets upgraded from Hold to Strong Buy. Here’s the story.
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1- Cyberark Software Inc. (NASDAQ: CYBR)
Software security is the name of the game for Cyberark. Considering the stock’s long history of rising even when overall markets are down, and the growing demand for cyber security, analysts and our proprietary ratings system agree — this is one to watch.
Zen Rating: B (Buy) — see full analysis >
Recent Price: $343.55 — get current quote >
Max 1-year forecast: $410.00
Why we’re watching:
- Analyst support: Among the 26 analysts we track issuing ratings on CYBR, the stock enjoys a Strong Buy consensus. See the ratings
- Notably, Rudy Kessinger of DA Davidson recently maintained a Strong Buy rating and upped their price target on CYBR by 8.3% from $360 to $390.
- Kessinger predicted that CyberArk Software will reap benefits in 2025 from the recent breach at the U.S. Treasury Department, which was caused by a hacked API key from competitor BeyondTrust.
- Further, the analyst believes the company's competitive position, market opportunity, growth durability, and margin potential are still underappreciated because "CyberArk Software is still solidifying its place as the leading Identity Security platform in the market."
- Above-average Zen Rating: Currently, CYBR is rated a “B” through our Zen Ratings system, indicating it’s in the top 20% of the thousands of stocks we track.
- CYBR enjoys especially high (A) Component Grades for Growth and Sentiment, and an above-average (B) grade for Momentum. Despite CYBR’s rapid growth (58% in the past year), our careful checks indicate that the stock demonstrates traits necessary for continued growth and momentum, and that experts remain bullish on the stock’s near-term potential. (See all 7 Zen Component Grades here >)
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2- Wix.com Ltd. (NASDAQ: WIX)
Wix is a platform that enables individuals and businesses to easily and quickly create websites and web apps. With a robust roster of additional services to support these key offerings, it’s no wonder that Wix has become one of the biggest names in the industry, with over 200 million registered users and counting. Here’s why we’re watching the stock…
Zen Rating: A (Strong Buy) — see full analysis >
Recent Price: $225.28 — get current quote >
Max 1-year forecast: $270.00
Why we’re watching:
- Analyst support: Currently, 12 of the analysts we track issue ratings on WIX. It enjoys a Strong Buy consensus, with a max 1-year forecast of $270. See the ratings
- Notably, Ronald Josey of Citigroup (a top 3% analyst) recently maintained a Strong Buy rating and increased their price target 3.8% from $260 to $270.
- In a 2025 preview covering names in their Internet portfolio that follows "another strong year for the group in 2024," Josey told investors to expect "continued momentum, driven more by fundamentals than multiple expansion."
- The analyst noted that Internet fundamentals are better positioned going into 2025 than they were in 2024 and multiples are "still reasonable, in spite of two years of re-rating."
- Josey told readers that Citigroup's top picks for 2025 are Wix.com, Godaddy, VeriSign, Trade Desk, and Kaspi.kz.
- WIX first came on our radar when Zen Investor Editor-in-Chief Steve Reitmeister named it as his Stock of the Week, declaring it a standout stock with a Zen Rating of A (Strong Buy). At the time, WIX was trading for $175. It’s currently trading in the $220s. Here’s the good news: WIX still has an A (Strong Buy) rating, indicating its potential is not yet tapped out.
- Shaping WIX’s exceptional Zen Rating score are standout Component Grades for Momentum, Financials, and Growth. (See all 7 Zen Component Grades here >)
3- Boyd Gaming Corp. (NYSE: BYD)
Boyd is a big boy in the gaming arena — and by that we’re talking about casinos, not video games. The group operates 28 gaming and entertainment properties. Active since the 1970s, this company has a proven track record — considering the positive catalysts on the horizon in 2025, it could be poised for an excellent year.
Zen Rating: A (Strong Buy) — see full analysis >
Recent Price: $74.38 — get current quote >
Max 1-year forecast: $93.00
Why we’re watching:
- Analyst support: Among the 11 analysts we track issuing ratings on BYD, the stock enjoys a Buy consensus. The current max forecast is $93.00, which, if achieved, would represent 27% upside. See the ratings
- Notably, David Katz of Jefferies (a top 20% analyst) just upgraded BYD from Hold to Strong Buy, and increased their price target by 27.4% from $73 to $93.
- Katz said they upgraded the stock and hiked their price target on Boyd Gaming because they expect the company's capital investment pipeline in its regional portfolio and easing comps in Las Vegas (the latter derived from the 2024's highly competitive promotional environment) to be catalysts in 2025.
- The analyst also reminded investors that Boyd Gaming remains committed to repurchasing shares, which should return 9% Y/Y earnings growth.
- Jefferies believes the value of the company's FanDuel platform, which its values at $7/share, is underappreciated, Katz added.
- BYD earns the highest possible Zen Rating of A, or Strong Buy. Stocks in this class have historically enjoyed annual returns of 32.52%, indicating potential for superior importance.
- 7 Component Grades give a greater indication of BYD’s specific strengths. It has an A score for Value, our key metric for identifying companies that are undervalued relative to their earnings potential. It also enjoys above-average scores for Sentiment, and Financials. (See all 7 Zen Component Grades here >)
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