11 Analysts Have This To Say About Varonis Systems
Portfolio Pulse from Benzinga Insights
Analysts have updated their ratings and price targets for Varonis Systems (NASDAQ:VRNS), with a mix of 6 somewhat bullish and 5 indifferent ratings over the last quarter. The average 12-month price target has been raised to $41.36, up 16.05% from the previous $35.64, with a high estimate of $52.00 and a low of $35.00. Notable analysts from firms like Citigroup, JP Morgan, RBC Capital, Morgan Stanley, Stephens & Co., Wedbush, and Barclays have raised their price targets. Varonis Systems specializes in cybersecurity and is transitioning to cloud-based services. However, the company faces challenges with a revenue decline of -0.81% over 3 months, a net margin of -18.82%, and ROE and ROA below industry averages.
January 10, 2024 | 7:01 pm
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POSITIVE IMPACT
Varonis Systems has received mixed ratings from analysts, with an updated average price target of $41.36, indicating a positive sentiment shift. The company is transitioning to cloud services but faces revenue and profitability challenges.
The increase in the average price target suggests a positive outlook from analysts, which could lead to short-term bullish sentiment among investors. However, the company's financial challenges may temper gains, hence the importance is not at the maximum. The confidence level is high due to the clear consensus among analysts and the detailed financial data provided.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100