Morgan Stanley Maintains Overweight on Varonis Systems, Raises Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Hamza Fodderwala has maintained an Overweight rating on Varonis Systems (NASDAQ:VRNS) and increased the price target from $42 to $45.
November 14, 2023 | 2:40 pm
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POSITIVE IMPACT
Morgan Stanley analyst Hamza Fodderwala reaffirmed an Overweight rating on Varonis Systems and raised the price target to $45.
The increase in price target by a reputable analyst like Hamza Fodderwala from Morgan Stanley is a strong positive signal for investors, suggesting a bullish outlook on the stock. This could lead to increased investor confidence and a potential short-term rise in the stock price of Varonis Systems.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100