Morgan Stanley Upgrades Varonis Systems to Overweight, Raises Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Hamza Fodderwala has upgraded Varonis Systems (NASDAQ:VRNS) from Equal-Weight to Overweight and raised the price target from $34 to $39.
October 16, 2023 | 9:27 am
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Varonis Systems has been upgraded to Overweight from Equal-Weight by Morgan Stanley, with a raised price target of $39, up from $34.
The upgrade from Morgan Stanley is a positive signal for Varonis Systems. The raised price target indicates the analyst's increased confidence in the company's performance, which could lead to increased investor interest and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100