Truist Securities Reiterates Buy on Varonis Systems, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has reiterated its Buy rating on Varonis Systems (NASDAQ:VRNS) and raised the price target from $55 to $60.
July 30, 2024 | 12:32 pm
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Truist Securities has reiterated its Buy rating on Varonis Systems and raised the price target from $55 to $60, indicating confidence in the company's future performance.
The reiteration of a Buy rating and an increased price target from a reputable analyst firm like Truist Securities is a strong positive signal for investors. It suggests that the firm has confidence in Varonis Systems' future performance, which is likely to drive short-term stock price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100