I am upgrading the First Trust NASDAQ Cybersecurity ETF to a buy following a decisive technical breakout and strong recent momentum. CIBR's valuation remains reasonable at a 24x P/E and a PEG near 1, supporting its secular growth thesis despite concentrated tech exposure. Technical indicators, including a bullish golden cross and breakout above resistance, point to a measured upside target of $97.
CIBR: Why AI Proves To Be A Tailwind, Not Cybersecurity's Demise (Rating Upgrade)
Source: Seeking Alpha