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Varonis Systems (VRNS) Stock Forecast & Price Target

$49.45
+1.28 (+2.66%)
(As of 07/12/2024 ET)

Varonis Systems - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

$50.44
2.00% Upside
High Forecast$65.00
Average Forecast$50.44
Low Forecast$35.00
TypeCurrent Forecast
7/13/23 to 7/12/24
1 Month Ago
6/13/23 to 6/12/24
3 Months Ago
4/14/23 to 4/13/24
1 Year Ago
7/13/22 to 7/13/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
12 Buy rating(s)
11 Buy rating(s)
11 Buy rating(s)
9 Buy rating(s)
Hold
6 Hold rating(s)
7 Hold rating(s)
6 Hold rating(s)
11 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$50.44$49.06$48.81$30.95
Forecasted Upside2.00% Upside14.20% Upside12.24% Upside18.49% Upside
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VRNS Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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VRNS Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Varonis Systems Stock vs. The Competition

TypeVaronis SystemsComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.67
2.61
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside2.18% Upside298.12% Upside9.16% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/11/2024Barclays
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 Boost TargetOverweight ➝ Overweight$53.00 ➝ $55.00+12.06%
6/14/2024JPMorgan Chase & Co.
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 UpgradeNeutral ➝ Overweight$50.00 ➝ $54.00+29.06%
5/13/2024Needham & Company LLC
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 Reiterated RatingHold
5/7/2024Royal Bank of Canada
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 Boost TargetOutperform ➝ Outperform$56.00 ➝ $58.00+30.25%
5/7/2024Robert W. Baird
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 Boost TargetNeutral ➝ Neutral$48.00 ➝ $50.00+12.13%
3/13/2024Truist Financial
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 Reiterated RatingBuy ➝ Buy$50.00 ➝ $55.00+11.36%
2/6/2024Stephens
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 Reiterated RatingOverweight ➝ Overweight$55.00+13.85%
2/6/2024Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$42.00 ➝ $45.00-8.94%
2/6/2024Piper Sandler
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 Boost TargetNeutral ➝ Neutral$40.00 ➝ $45.00-10.43%
2/6/2024Wedbush
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D. Ives
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UpgradeNeutral ➝ Outperform$35.00 ➝ $65.00+42.73%
2/5/2024JMP Securities
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 Reiterated RatingMarket Outperform ➝ Market Outperform$63.00+37.95%
1/18/2024DA Davidson
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R. Kessinger
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Reiterated RatingBuy ➝ Neutral$37.00 ➝ $45.00-0.79%
1/10/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$35.00 ➝ $45.00-0.49%
12/15/2023Susquehanna
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 Initiated CoveragePositive$55.00+24.13%
11/14/2023Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$42.00 ➝ $45.00+21.92%
10/31/2023William Blair
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 Reiterated RatingOutperform
8/1/2023TD Cowen
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 Boost TargetOutperform ➝ Outperform$35.00 ➝ $37.00+19.82%
8/1/2023Craig Hallum
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 UpgradeHold ➝ Buy$35.00+21.95%
5/18/202322nd Century Group
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 Reiterated RatingInitiates
1/5/2023Jefferies Financial Group
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 DowngradeBuy ➝ Hold$30.00 ➝ $26.00+6.34%
11/1/2022Cowen
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 Lower TargetOutperform$53.00 ➝ $35.00+30.74%
8/2/2022UBS Group
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 Lower TargetBuy$51.00 ➝ $46.00+64.05%
7/25/2022Wolfe Research
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 DowngradeOutperform ➝ Peer Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 11:36 PM ET.

VRNS Forecast - Frequently Asked Questions

What is Varonis Systems' forecast for 2024?

According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Varonis Systems is $50.44, with a high forecast of $65.00 and a low forecast of $35.00.

Should I buy or sell Varonis Systems stock right now?

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Varonis Systems in the last year. There are currently 6 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" VRNS shares.

Does Varonis Systems's stock price have much upside?

According to analysts, Varonis Systems's stock has a predicted upside of 15.29% based on their 12-month stock forecasts.

Has Varonis Systems been upgraded by Wall Street analysts recently?

Over the previous 90 days, Varonis Systems's stock had 1 upgrade by analysts.

What analysts cover Varonis Systems?

Varonis Systems has been rated by research analysts at Barclays, JPMorgan Chase & Co., Needham & Company LLC, Robert W. Baird, and Royal Bank of Canada in the past 90 days.

Do Wall Street analysts like Varonis Systems more than its competitors?

Analysts like Varonis Systems more than other "computer and technology" companies. The consensus rating score for Varonis Systems is 2.67 while the average consensus rating score for "computer and technology" companies is 2.61. Learn more on how VRNS compares to other companies.


This page (NASDAQ:VRNS) was last updated on 7/12/2024 by MarketBeat.com Staff

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