RBC Capital Maintains Outperform on Varonis Systems, Raises Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg has maintained an Outperform rating on Varonis Systems (NASDAQ:VRNS) and increased the price target from $52 to $56.
February 06, 2024 | 4:12 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
RBC Capital analyst Matthew Hedberg has reaffirmed an Outperform rating on Varonis Systems and raised the price target from $52 to $56.
The increase in the price target by RBC Capital suggests a positive outlook on Varonis Systems' stock. Analyst ratings and price target adjustments are significant indicators for investors, often leading to short-term price movements. The upgrade from $52 to $56 indicates confidence in the company's future performance, potentially leading to increased investor interest and a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100