Piper Sandler Maintains Neutral on Varonis Systems, Raises Price Target to $45-Report Released on 5th February 2024
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Rob Owens maintains a Neutral rating on Varonis Systems (NASDAQ:VRNS) and raises the price target from $40 to $45 as of 5th February 2024.
February 06, 2024 | 3:01 pm
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POSITIVE IMPACT
Piper Sandler maintains a Neutral rating on Varonis Systems but raises the price target from $40 to $45.
The increase in the price target from $40 to $45 by Piper Sandler, while maintaining a Neutral rating, suggests a positive adjustment in the valuation of Varonis Systems. This adjustment reflects an expectation of improved performance or market conditions that could lead to a higher stock price, hence the positive score. The high relevance is due to the direct mention and specific action taken by Piper Sandler on Varonis Systems. The importance is significant as price target adjustments by reputable analysts can influence investor perception and stock price. The confidence level is high due to the clear and direct impact of the analyst's rating and price target adjustment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90