Wedbush raised the firm’s price target on Varonis (VRNS) to $65 from $60 and keeps an Outperform rating on the shares. The firm notes the company reported solid Q2 results which featured beats on the top and bottom lines while raising its FY25 ARR and revenue guidance as the company is in the final stages of it SaaS transition, which continues to drive further ARR growth momentum and free cash flow generation.
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