Baird Maintains Neutral on Varonis Systems, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Shrenik Kothari maintains a Neutral rating on Varonis Systems (VRNS) and raises the price target from $48 to $50.
May 07, 2024 | 11:32 am
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Baird analyst Shrenik Kothari maintains a Neutral rating on Varonis Systems and raises the price target from $48 to $50.
The adjustment in price target by Baird reflects a slightly more optimistic outlook on Varonis Systems' valuation, though the Neutral rating indicates that the analyst sees the stock as fairly valued at its current price. This could lead to a neutral short-term impact on the stock price as the market digests the news.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100