3 Analysts Have This To Say About Varonis Systems
Portfolio Pulse from Benzinga Insights
Varonis Systems (NASDAQ:VRNS) has been analyzed by three analysts over the past three months, showing a range of perspectives from bullish to bearish. Analysts have raised their 12-month price targets, with an average target of $54.0, reflecting a 5.2% increase from the previous average. The company is undergoing a cloud transition and has shown a revenue growth rate of 6.23% as of March 31, 2024, but faces challenges with profitability and returns.
June 14, 2024 | 2:00 pm
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Varonis Systems has received mixed analyst ratings with a recent increase in price targets, reflecting a positive outlook. The company is transitioning to cloud services, showing a revenue growth rate of 6.23% but faces challenges in profitability and returns.
The increase in price targets by analysts indicates a positive short-term outlook for Varonis Systems. However, the company's challenges with profitability and returns may temper this optimism. The ongoing transition to cloud services is a key factor in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100