Expert Ratings For Varonis Systems
Portfolio Pulse from Benzinga Insights
Varonis Systems (NASDAQ:VRNS) received mixed analyst ratings with a recent shift towards more bullish perspectives. The average 12-month price target for VRNS is now $52.08, up from $41.40, indicating a 25.8% increase. Analysts from firms like Truist Securities, JP Morgan, and Wedbush have adjusted their ratings and price targets, reflecting changing market dynamics and Varonis Systems' performance. The company, a cybersecurity vendor, has shown solid revenue growth and strong net margin but faces challenges in market capitalization, ROE, and ROA compared to industry benchmarks.
March 13, 2024 | 1:00 pm
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POSITIVE IMPACT
Varonis Systems has received mixed but increasingly bullish analyst ratings, with a significant increase in the average 12-month price target to $52.08. The company's solid revenue growth and strong net margin are positive indicators, though it faces challenges in market capitalization, ROE, and ROA.
The increase in the average 12-month price target for VRNS, along with adjustments in ratings by key analysts, indicates a positive outlook on the stock. The company's financial performance, particularly in revenue growth and net margin, supports this optimism. However, investors should also consider the challenges in market capitalization, ROE, and ROA.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100