Varonis Expands AI Security Capabilities, UBS Raises Price Target to $70.

Varonis Systems has been upgraded by UBS to a Buy rating and a $70 price target, citing positive customer and partner checks and strong execution in its transition to a recurring-revenue model. The company has been expanding its AI security portfolio through acquisitions and partnerships, including the acquisition of SlashNext and integration with OpenAI's ChatGPT Enterprise Compliance API. This has enabled Varonis to extend its capabilities beyond file-system protection into email, collaboration, and AI-workload security.

Varonis Systems, Inc. (VRNS) has been upgraded to a Buy rating by UBS, with a new price target of $70. The upgrade is based on positive feedback from customers and partners, as well as strong execution in the company's transition to a recurring-revenue model. UBS analysts highlighted the company's expansion into AI security through acquisitions and partnerships, including the recent acquisition of SlashNext and integration with OpenAI's ChatGPT Enterprise Compliance API.

Varonis Systems has been extending its capabilities beyond traditional file-system protection, now offering comprehensive email, collaboration, and AI-workload security solutions. The company's AI-native email security platform, Varonis Interceptor, was recently launched to detect and block social-engineering attacks, even when they originate from trusted or compromised sources Varonis Systems, Inc. Stock^[1].

The upgrade from UBS comes amidst a period of strong financial performance for Varonis. The company's stock price has seen significant growth over the past year, with a 62.02 USD share price as of September 29, 2025, representing a 6.65% increase year-to-date Varonis Systems, Inc. Stock^[1]. The company's revenue and earnings are projected to continue growing, with analysts expecting positive surprises in the upcoming quarters.

UBS's upgrade to a Buy rating reflects the growing confidence in Varonis Systems' ability to capitalize on the expanding cybersecurity market. The company's strategic focus on AI and its successful acquisitions position it well to capture a larger share of the market. Investors should closely monitor Varonis Systems' quarterly earnings and future acquisitions to gauge the company's progress in its transition to a recurring-revenue model.