What 13 Analyst Ratings Have To Say About Varonis Systems
Portfolio Pulse from Benzinga Insights
Varonis Systems (NASDAQ:VRNS) has been analyzed by 13 analysts, showing a range of ratings from bullish to indifferent. Recent analyst actions include several rating upgrades and increased price targets, with an average 12-month price target of $60.31, reflecting an 8.75% increase. Despite positive revenue growth, Varonis faces challenges with profitability and returns, as indicated by below-industry net margin, ROE, and ROA.
October 23, 2024 | 1:01 pm
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POSITIVE IMPACT
Varonis Systems has received mixed analyst ratings, with several upgrades and increased price targets. The average 12-month price target is now $60.31, up 8.75% from the previous target. Despite positive revenue growth, the company faces challenges with profitability and returns.
The increase in average price target and several rating upgrades suggest a positive short-term outlook for Varonis Systems. However, the company's financial performance, with challenges in profitability and returns, may temper the enthusiasm. The overall impact is likely positive due to the upward revision in price targets and analyst sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100