9 Analysts Have This to Say About Varonis Systems
Portfolio Pulse from Benzinga Insights
Varonis Systems (NASDAQ:VRNS) has received 9 analyst ratings in the last quarter, with 6 somewhat bullish and 3 indifferent, and no bearish or very bullish ratings. The average price target among these analysts is $40.11, which is below the current price of $42.99, suggesting a potential downside. The average price target has increased by 12.45% over the past month.
December 04, 2023 | 4:00 pm
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NEGATIVE IMPACT
Varonis Systems has an average analyst price target of $40.11, which is below its current price, indicating a potential downside according to analysts.
The average price target being below the current stock price typically suggests that analysts expect the stock to fall, leading to a negative short term impact. However, the absence of bearish ratings and the presence of 6 somewhat bullish ratings might buffer the negative impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100