Varonis Systems Stock: A Deep Dive Into Analyst Perspectives (13 Ratings)
Portfolio Pulse from Benzinga Insights
Varonis Systems (NASDAQ:VRNS) has received mixed analyst ratings, with a majority being somewhat bullish. Recent analyst actions include several rating upgrades and increased price targets, reflecting positive sentiment. The average 12-month price target is $59.77, up from $54.92. Despite positive revenue growth, Varonis faces challenges with profitability and returns, as indicated by below-average net margin, ROE, and ROA.
October 07, 2024 | 7:00 pm
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POSITIVE IMPACT
Varonis Systems has received a mix of analyst ratings, with a majority being somewhat bullish. The average 12-month price target has increased to $59.77, indicating positive sentiment. However, the company faces challenges with profitability and returns.
The increase in the average price target and the majority of somewhat bullish ratings suggest a positive short-term outlook for Varonis Systems. However, the company's financial metrics, such as net margin and ROE, indicate ongoing challenges, which may temper the positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100