JPMorgan analyst Brian Essex raised the firm’s price target on Varonis to $70 from $61 and keeps an Overweight rating on the shares. The firm updated security software models post the earnings reports. The results reflect a stable to improving macro environment for security software, the analyst tells investors in a research note. The firm says companies exposed to large enterprise budgets and high priority spending categories are better positioned. It added Varonis Systems (VRNS) to JPMorgan Analyst Focus List and reiterated Cellebrite (CLBT) as a focus list pick. The firm says Varonis is well positioned for growth acceleration into 2026, as it “has the right technology at the right time” to benefit from accelerating demand for data security.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VRNS:
- Strategic Acquisition of SlashNext Boosts Varonis Systems’ Long-Term Growth Potential
- Needham cybersecurity analyst holds analyst/industry conference call
- Varonis Systems’ Strategic Acquisition of SlashNext: Entering the API-Based Email Security Market
- Varonis Systems’ Strategic Acquisition of SlashNext Bolsters Email Security Market Entry and Growth Potential
- Varonis Systems Acquires SlashNext to Boost Security