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

Published 17/10/2025, 14:42
Varonis Systems price target raised to $68 from $62 at TD Cowen
VRNS
8.23%

Investing.com - TD Cowen raised its price target on Varonis Systems (NASDAQ:VRNS) to $68.00 from $62.00 on Friday, while maintaining a Buy rating on the cybersecurity firm’s stock. The stock, currently trading at $61, is approaching its 52-week high of $63.90, having gained nearly 50% over the past six months according to InvestingPro data.

The firm cited expectations that current demand trends for Varonis should remain strong, particularly noting positive third-quarter trends for the data security software provider. The company has maintained impressive gross margins of 81% and achieved 14% revenue growth over the last twelve months.

TD Cowen kept its fiscal year 2025 estimates unchanged as it awaits more details regarding management’s anticipated revenue synergies from the integration of SlashNext, which gives Varonis a foothold in the $5.2 billion email security market.

The research firm specifically identified Varonis as its top small and mid-cap (SMID) pick in the cybersecurity sector.

The price target increase represents continued confidence in Varonis Systems’ business trajectory and growth potential in the expanding cybersecurity market.

In other recent news, Varonis Systems reported strong financial performance for the second quarter of 2025, with a significant increase in both revenue and annual recurring revenue (ARR). Despite these positive results, the company’s stock saw a slight decline in aftermarket trading. Additionally, TD Cowen raised its price target for Varonis Systems to $68 from $62, maintaining a Buy rating. The analyst at TD Cowen highlighted strong demand trends for Varonis, particularly noting robust third-quarter expectations for the data security company. These developments reflect ongoing investor interest and analyst confidence in Varonis Systems’ growth potential.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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