Wedbush analyst Daniel Ives maintained a Buy rating on Varonis Systems (NASDAQ:VRNS) on Sunday, setting a price target of $190, which is approximately 11.59% above the present share price of $170.27.
Ives expects Varonis Systems to post earnings per share (EPS) of -$0.61 for the fourth quarter of 2020.
The current consensus among 15 TipRanks analysts is for a Strong Buy rating of shares in Varonis Systems, with an average price target of $159.27.
The analysts price targets range from a high of $246 to a low of $130.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $76.75 million and a net profit of -$16.45 million. The company's market cap is $5.11 billion.
According to TipRanks.com, Wedbush analyst Daniel Ives is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 33.5% and a 76.70% success rate.
Varonis Systems, Inc. engages in providing data security and analytics. It operates through the following segments: United States, EMEA, and Rest of the World. Its products includes datadvantage, data classification engine, data transport engine, Varonis edge, datanswers, datalert, dataprivilege, automation engine, and GDPR patterns. The company was founded by Yaki Faitelson and Ohad Korkus on November 3, 2004 and is headquartered in New York, NY.