Varonis Systems Inc (NASDAQ:VRNS) has been identified as one of the top 15 software stocks with the highest upside potential by Citi analyst Fatima Boolani. Despite reiterating a Hold rating, Boolani lowered the price target for VRNS stock from $40 to $37 on January 13. This adjusted price target suggests a 5.96% upside from current levels. The analyst also initiated a “downside 90-day catalyst watch” on Varonis due to intensifying competitive pressures in the data security market. These pressures pose a potential risk to the company’s upcoming earnings report, leading to a more cautious short-term outlook for the stock.
Similarly, Cantor Fitzgerald analyst Jonathan Ruykhan maintained a Buy rating for VRNS shares while cutting the price target from $60 to $50 on January 7. Ruykhan discussed the firm’s 2026 outlook for Security & Infrastructure Software, highlighting increasing demand driven by artificial intelligence, improving deal sizes, and optimism around cybersecurity spending. The analyst also expects identity, cloud, and AI security to be the fastest-growing areas within the sector.
Varonis Systems, Inc. operates as a software products and services provider, offering data protection for both unstructured and structured data across various environments. The company serves organizations in healthcare, technology, financial services, manufacturing, education, and other industries.
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Disclosure: None. This article was originally published on Insider Monkey.
