Top 2 Small-Cap US Stocks To Watch According To Market Strategist Matt Orton
Portfolio Pulse from Benzinga Neuro
Market strategist Matt Orton has spotlighted Vertiv Holdings Co (VRT) and Cyberark Software Ltd (CYBR) as two U.S. small-cap stocks with significant growth potential in 2024. Orton, from Raymond James Investment Management, highlighted the Russell 2000's recent performance and sees these companies as poised for a breakout. Vertiv, a data center equipment provider, has seen its stock rise 471% over the past year, while CyberArk, a cybersecurity firm, has increased by 80% due to growing cyber threats.
April 02, 2024 | 5:50 am
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Cyberark Software Ltd, a cybersecurity firm, is highlighted for its growth potential amid increasing cyber threats, with an 80% stock increase over the past year.
Cyberark Software Ltd's position in the growing cybersecurity market, coupled with an 80% stock increase, suggests strong potential for short-term growth. The emphasis on rising cyber threats and AI development as growth drivers for cybersecurity solutions underlines the company's relevance.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Vertiv Holdings Co, a provider of data center equipment, has been identified as a top small-cap stock for growth, with a 471% increase in stock price over the past year.
Vertiv Holdings Co's significant past year stock increase and expected demand growth for its data center cooling and power management products position it for potential short-term growth. The optimism around small-cap stocks and specific mention by a market strategist further bolster its outlook.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90