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Varonis price target raised to $68 from $62 at TD Cowen

TD Cowen analyst Shaul Eyal raised the firm’s price target on Varonis (VRNS) to $68 from $62 and keeps a Buy rating on the shares. The firm previewed its Q3 results where they believe demand trends remained strong but leave their estimates unchanged as they await management’s details around anticipated revenue synergies from the integration of SlashNext, giving the company a foothold in the $5.2B email security market.

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