Cracking The Code: Understanding Analyst Reviews For Varonis Systems
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed reviews on Varonis Systems (NASDAQ:VRNS) over the past three months, with a general trend towards more positive ratings. The average 12-month price target has increased by 8.81% to $58.92. Despite positive revenue growth, Varonis faces challenges with profitability and returns.
August 26, 2024 | 3:00 pm
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Varonis Systems has received mixed analyst ratings, with a trend towards more positive outlooks. The average price target has increased, indicating optimism about future performance. However, the company faces challenges with profitability and returns.
The increase in the average price target and the trend towards more positive analyst ratings suggest a likely short-term positive impact on VRNS stock. However, the company's profitability challenges may temper this optimism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100