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Investing.com -- Roth MKM initiated coverage on several cybersecurity stocks that includes CrowdStrike (NASDAQ:CRWD), CyberArk, Okta (NASDAQ:OKTA), and SentinelOne (NYSE:S) at Buy given their strong growth potential and an improving execution across the group.

Roth called CrowdStrike one of the best-positioned security firms, pointing to its broad portfolio and success with high-growth products that now make up about 55% of net new annual recurring revenue.

It set a $410 price target on the stock.

CyberArk was also initiated at Buy with a $415 target.

Analysts said the company has a long runway for growth, supported by a large addressable market and its recent acquisition of Venafi.

Okta received a Buy rating and $119 target as Roth noted that past headwinds are easing and newer product adoption is gaining traction.

SentinelOne was rated Buy with a $26 target. While the firm acknowledged uneven execution, it said the technology is strong and sees improving stability and upside in valuation.

Roth initiated Check Point Software (NASDAQ:CHKP) and Fortinet (NASDAQ:FTNT) at Neutral, citing slower growth and valuation concerns.

Zscaler (NASDAQ:ZS) was also rated Neutral.

“Our analysis finds that Net New ARR on average has been flat for the past few quarters, and ZIA momentum has slowed quite a bit,” analysts said on Zscaler.
 
On Amazon (NASDAQ:AMZN), which is set to report earnings next week, the firm lowered estimates for all three segments: E-Commerce, Cloud, and Advertising. The firm also lowered its price target to $215. 

This content was originally published on http://Investing.com


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