Loading...
Loading...
In a note released Friday, Barclys upgraded
Varonis SystemsVRNS from Equal-weight to Overweight and maintained a $42 price target.
Barclays analyst Raimo Lenschow believes Varonis is set up to post solid results this quarter, based on a conservative seasonal setup relative to the company's growth trajectory. Moreover, Lenschow believes this may set the stage for a "beat-and-raise" situation.
Lenschow concluded, "the recent pullback in high growth names has created a more compelling buying opportunity as the shares are now trading (~5x EV/CY15 Sales) which we believe is at a meaningful discount relative to Varonis' long-term growth opportunity."
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in