Baird analyst Shrenik Kothari raised the firm’s price target on Varonis to $32 from $30 and keeps a Neutral rating on the shares. The firm said though SaaS transition offers better medium-term/long-term growth potential, and Baird projects ARR upside in their forward outlook, ARR/FCF deceleration persists for now due to macro and/or transition headwinds.
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>>
See the top stocks recommended by analysts >>
Read More on VRNS: