JP Morgan Maintains Neutral on Varonis Systems, Raises Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Brian Essex has maintained a Neutral rating on Varonis Systems (NASDAQ:VRNS) but increased the price target from $36 to $49.
December 11, 2023 | 4:14 pm
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JP Morgan has maintained a Neutral rating on Varonis Systems but raised the price target from $36 to $49, indicating a positive outlook on the stock's value.
The increase in price target by a reputable analyst like JP Morgan suggests a positive reassessment of Varonis Systems' valuation, which could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100