In recent developments, Cantor Fitzgerald has reiterated its "Overweight" rating for Varonis Systems (VRNS, Financial). The analyst responsible, Jonathan Ruykhaver, has expressed confidence in the stock by maintaining a price target of $60.00 USD. This action reflects the analyst's long-term positive outlook on the company's performance.
The decision to maintain the previous price target of $60.00 USD suggests that Cantor Fitzgerald foresees sustained growth and potential in Varonis Systems (VRNS, Financial). The rating remains consistent with the "Overweight" designation, indicating an expectation that the stock will outperform average market returns.
This reiteration comes on the date of June 10, 2025, a critical time for investors to note the consistent bullish stance of Cantor Fitzgerald on Varonis Systems (VRNS, Financial). As Varonis continues its operations on the NASDAQ exchange, the maintained rating and price target could serve as a pivotal consideration for stakeholders and potential investors.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 20 analysts, the average target price for Varonis Systems Inc (VRNS, Financial) is $55.86 with a high estimate of $90.00 and a low estimate of $39.11. The average target implies an upside of 9.56% from the current price of $50.98. More detailed estimate data can be found on the Varonis Systems Inc (VRNS) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Varonis Systems Inc's (VRNS, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Varonis Systems Inc (VRNS, Financial) in one year is $49.43, suggesting a downside of 3.04% from the current price of $50.98. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Varonis Systems Inc (VRNS) Summary page.
