RBC Capital Markets analyst Matthew Hedberg initiates coverage of CyberArk Software with an Outperform rating, citing strong growth potential in the identity security market. Hedberg expects CyberArk’s recent acquisition of Venafi to accelerate growth and believes the company can maintain a 20% organic growth rate for several years.
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BofA Securities analyst Ross Fowler has adjusted his ratings for NiSource Inc (NI) and CenterPoint Energy, Inc (CNP). He has reinstated a Buy rating for NiSource, citing the company’s strong performance and financial prudence. However, Fowler has maintained a Neutral rating for CenterPoint Energy, acknowledging the challenges the company faces in the aftermath of Hurricane Beryl.
Wedbush analyst Michael Pachter questions GameStop’s high stock price, arguing the company lacks a clear strategy despite its efforts to manage losses. He suggests GameStop should focus on its cash reserves and consider closing stores, highlighting the company’s lack of shareholder accountability.