Baird Maintains Neutral on Varonis Systems, Raises Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Shrenik Kothari maintains a Neutral rating on Varonis Systems (VRNS) and raises the price target from $45 to $48.
February 06, 2024 | 6:54 pm
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Baird analyst Shrenik Kothari maintains a Neutral rating on Varonis Systems and raises the price target from $45 to $48.
The increase in price target from $45 to $48 by Baird indicates a positive outlook on the stock's value, potentially leading to short-term investor optimism and a positive impact on the stock price. However, the maintenance of a Neutral rating suggests that the analyst sees limitations to the stock's upside potential in the near term, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100