Reported 2 days ago
Wells Fargo has upgraded Varonis Systems, Inc. (NASDAQ:VRNS) from Equal Weight to Overweight, raising its price target from $51 to $70, due to increased demand for AI-driven data protection solutions. The firm forecasts Varonis's revenue to rise to $806 million in 2026 and $968 million in 2027, while highlighting its strategic position in the Agentic AI trend and the expansion of its Microsoft partnership as growth catalysts.
Source: YAHOO