JP Morgan Maintains Overweight on Varonis Systems, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Brian Essex maintains an Overweight rating on Varonis Systems and raises the price target from $59 to $65.
October 28, 2024 | 1:30 pm
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JP Morgan's analyst Brian Essex has maintained an Overweight rating on Varonis Systems and increased the price target from $59 to $65, indicating a positive outlook on the stock.
The increase in price target from $59 to $65 by a major financial institution like JP Morgan suggests a positive outlook on Varonis Systems' future performance. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100