Varonis Systems' Price Target Raised to $51.00 by Wells Fargo Analyst

Varonis Systems' (VRNS) price target has been raised to $51.00 USD by Wells Fargo analyst Andrew Nowinski, a 10.87% increase from the previous target of $46.00. The analyst maintains an "Equal-Weight" rating on the stock, but the updated target reflects a positive outlook on the company's valuation.

Varonis Systems' (VRNS) stock has received a significant boost as Wells Fargo analyst Andrew Nowinski raised the price target to $51.00 USD, a 10.87% increase from the previous target of $46.00. The analyst maintains an "Equal-Weight" rating on the stock, indicating a neutral stance on its performance. The updated target reflects a positive outlook on the company's valuation, particularly in the context of the growing Data Protection market and the rollout of Agentic AI solutions.

The new price target comes ahead of Varonis Systems' scheduled second-quarter 2025 results, which will be reported on Tuesday, July 29, after market close. The company, currently valued at $5.7 billion, has maintained impressive gross profit margins of 82% and achieved 13% revenue growth over the last twelve months. Wells Fargo noted that the Data Protection market is gaining momentum due to Agentic AI roll-outs, a trend that could benefit Varonis in the longer term.

In addition to the price target adjustment, Varonis Systems has recently announced several strategic moves. The company's data security solution is now available in the AWS Marketplace, specifically within the AI Agents and Tools category. This development allows customers to easily access and deploy Varonis's platform using their AWS accounts, streamlining the procurement process. Furthermore, Varonis has extended its Data Security Platform to integrate with OpenAI’s ChatGPT Enterprise Compliance API, aiming to help organizations monitor AI interactions and identify sensitive data uploads.

Analysts from various firms have also expressed confidence in Varonis Systems. Cantor Fitzgerald has maintained an Overweight rating for Varonis, with a $60 price target, reflecting confidence in the company’s growth and strategic positioning. TD Cowen has reiterated a Buy rating, setting a $59 price target, emphasizing Varonis’s strong market position and transition to a SaaS model.

References:
[1] https://www.investing.com/news/analyst-ratings/varonis-systems-stock-price-target-raised-to-51-by-wells-fargo-93CH-4143702
[2] https://www.tipranks.com/stocks/vrns/forecast