Jefferies upgraded Varonis (VRNS) to Buy from Hold with a price target of $65, up from $50. The firm believes cybersecurity spend will remain “robust” and continue to hold a “steady percentage” of software budgets in the coming years. Varonis offers small-cap exposure to artificial intelligence in the space, the analyst tells investors in a research note. Jefferies names the stock one of its favorites for the second half of 2025. The company is positioned to address the “increasingly important” data governance market as generative AI adoption materializes, the firm contends.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VRNS:
- Varonis Systems: Promising Growth Trajectory and Revenue Acceleration Support Buy Rating
- Varonis secures Hebergeur de Donnees de Sante certification
- Varonis price target raised to $51 from $46 at Wells Fargo
- Varonis price target raised to $60 from $54 at Barclays
- Varonis Systems Positioned for Long-Term Growth with Strategic Partnerships and AI Integration