Wells Fargo Maintains Equal-Weight on Varonis Systems, Raises Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Nowinski has maintained an Equal-Weight rating on Varonis Systems (NASDAQ:VRNS) and increased the price target from $29 to $42.
January 29, 2024 | 3:07 pm
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Wells Fargo analyst Andrew Nowinski maintains an Equal-Weight rating on Varonis Systems but raises the price target from $29 to $42, indicating a positive outlook on the stock's value.
The increase in price target from $29 to $42 by a major financial institution like Wells Fargo suggests a bullish outlook on Varonis Systems' stock value in the short term. This could lead to increased investor confidence and a potential rise in the stock price as the market adjusts to the new price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100