Barclays has revised its price target for Varonis Systems (VRNS, Financial), reducing it from $60 to $52. Despite this adjustment, Barclays continues to maintain an Overweight rating on the company's shares. This update is part of a broader first-quarter preview that examines 16 companies involved in security, design, and vertical software-as-a-service sectors.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 19 analysts, the average target price for Varonis Systems Inc (VRNS, Financial) is $54.43 with a high estimate of $67.00 and a low estimate of $39.21. The average target implies an upside of 31.80% from the current price of $41.30. More detailed estimate data can be found on the Varonis Systems Inc (VRNS) Forecast page.
Based on the consensus recommendation from 21 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 $51.61, suggesting a upside of 24.96% from the current price of $41.3. 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.
