RBC Capital raised the firm’s price target on Varonis (VRNS) to $36 from $30 and keeps an Outperform rating on the shares. The company reported a strong start to the year as initial SaaS assumptions proved to be conservative with a SaaS beat and raise, the analyst tells investors in a research note. SaaS execution looks positive with accelerating new logo contribution and existing customer expansion as the focus has now shifted away from conversions, the firm added.
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Read More on VRNS:
- Varonis price target raised to $39 from $38 at JPMorgan
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