Varonis Systems Receives Buy Rating from RBC Capital's Hedberg with $58 Price Target

Varonis Systems (VRNS) has received a Buy rating from RBC Capital's Mark Hedberg, with a price target of $58.00. The company reported a quarterly revenue of $136.42 million and a GAAP net loss of $35.78 million for the quarter ending March 31. Hedberg has an average return of 21.8% and a 70.00% success rate on recommended stocks.

Title: Varonis Systems (VRNS) Stock Price Target Raised by RBC Capital Mark Hedberg

Varonis Systems (VRNS) has received a Buy rating from RBC Capital's Mark Hedberg, with a price target of $58.00. The company reported a quarterly revenue of $136.42 million and a GAAP net loss of $35.78 million for the quarter ending March 31. Hedberg, known for his average return of 21.8% and a 70.00% success rate on recommended stocks, is bullish on VRNS.

Hedberg's positive outlook on VRNS is supported by the company's recent earnings report, which showed a 19.6% year-over-year increase in revenue. Despite the net loss, Varonis Systems has demonstrated strong revenue growth and a positive outlook for the future. The analyst's price target of $58.00 suggests a potential upside of 11.7% from the current price of $52.00.

Several other analysts have also raised their price targets for VRNS in recent weeks. Barclays increased its target from $54.00 to $60.00, while Wells Fargo adjusted its target from $46.00 to $51.00. These upgrades reflect a growing consensus among analysts that Varonis Systems is undervalued and poised for growth.

The company's recent expansion into the AWS Marketplace, allowing customers to easily access and deploy its data security platform, is also seen as a positive development. This move could drive increased adoption and revenue growth for Varonis Systems.

While the stock has faced some challenges, including a negative return on equity and net margin, the company's strong revenue growth and strategic initiatives suggest that it is well-positioned for future success. Investors should closely monitor Varonis Systems' upcoming second-quarter results and any further developments in the data protection market.

References:
[1] https://www.marketbeat.com/instant-alerts/varonis-systems-nasdaqvrns-stock-price-expected-to-rise-barclays-analyst-says-2025-07-14/
[2] https://www.gurufocus.com/news/2990869/vrns-varonis-systems-price-target-raised-by-wells-fargo-analyst-vrns-stock-news
[3] https://www.investing.com/news/analyst-ratings/varonis-systems-stock-price-target-raised-to-51-by-wells-fargo-93CH-4143702