Varonis initiated with a Buy at Rosenblatt

Rosenblatt analyst Catherine Trebnick initiated coverage of Varonis (VRNS) with a Buy rating and $40 price target The firm says a “powerful secular tailwind” from generative AI has repositioned Varonis from a security vendor to a “mission-critical prerequisite” for enterprise AI deployment. Overly permissive data access controls have become the primary bottleneck to safe AI adoption, creating growth potential for the company, the analyst tells investors in a research note.