Varonis Systems (VRNS) Stock Forecast & Price Target

$48.47

+1.56 (+3.33%)

(As of 07/26/2024 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

Moderate Buy
Based on 18 Analyst Ratings

Based on 18 Wall Street analysts who have issued ratings for Varonis Systems in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 18 analysts, 6 have given a hold rating, and 12 have given a buy rating for VRNS.

Consensus Price Target

$50.56
4.32% Upside

High Forecast	$65.00
Average Forecast	$50.56
Low Forecast	$35.00

According to the 18 analysts' twelve-month price targets for Varonis Systems, the average price target is $50.56. The highest price target for VRNS is $65.00, while the lowest price target for VRNS is $35.00. The average price target represents a forecasted upside of 4.32% from the current price of $48.47.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
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)	12 Buy rating(s)	11 Buy rating(s)	9 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)	10 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$50.56	$49.31	$48.81	$30.95
Forecasted Upside	4.32% Upside	15.87% Upside	12.24% Upside	18.49% 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.

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.

Varonis Systems Stock vs. The Competition

Type	Varonis Systems	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.67	2.61	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	4.32% Upside	554.05% Upside	9.10% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/26/2024	Robert W. Baird 2 of 5 stars		Boost Target	Neutral ➝ Neutral	$50.00 ➝ $52.00	+10.85%
7/11/2024	Barclays 2 of 5 stars		Boost Target	Overweight ➝ Overweight	$53.00 ➝ $55.00	+12.06%
6/14/2024	JPMorgan Chase & Co. 3 of 5 stars		Upgrade	Neutral ➝ Overweight	$50.00 ➝ $54.00	+29.06%
5/13/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
5/7/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$56.00 ➝ $58.00	+30.25%
3/13/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$50.00 ➝ $55.00	+11.36%
Get the Latest News and Ratings for VRNS and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Varonis Systems and its competitors with MarketBeat's FREE daily newsletter.
2/6/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$55.00	+13.85%
2/6/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$42.00 ➝ $45.00	-8.94%
2/6/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$40.00 ➝ $45.00	-10.43%
2/6/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Ives Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Outperform	$35.00 ➝ $65.00	+42.73%
2/5/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Outperform ➝ Market Outperform	$63.00	+37.95%
1/18/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Kessinger Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Neutral	$37.00 ➝ $45.00	-0.79%
1/10/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$35.00 ➝ $45.00	-0.49%
12/15/2023	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Positive	$55.00	+24.13%
11/14/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$42.00 ➝ $45.00	+21.92%
10/31/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform
8/1/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$35.00 ➝ $37.00	+19.82%
8/1/2023	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$35.00	+21.95%
5/18/2023	22nd Century Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Initiates
1/5/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$30.00 ➝ $26.00	+6.34%
11/1/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$53.00 ➝ $35.00	+30.74%
8/2/2022	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$51.00 ➝ $46.00	+64.05%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:19 AM 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 $50.56, 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 twelve months. 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 15.19% 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.