DA Davidson analyst Rudy Kessinger raised the firm’s price target on Varonis (VRNS) to $37 from $30 and keeps a Buy rating on the shares. The company reported a strong beat and its guidance was raised, particularly on SaaS annualized recurring revenue ex-conversion, the analyst tells investors in a research note. The firm adds that Varonis’ guidance continues to look very conservative.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VRNS: