Stephens Rates Varonis Systems (VRNS) buy, $45 Price Target

Stephens raises its price target for Varonis Systems, highlighting a positive outlook, a 16.70% upside from the current price.

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Stephens rated Varonis Systems, Inc. ($VRNS) "buy" with a $45 price target on June 24, 2026.

Since the rating, $VRNS is up 12.3% after 1 week, up 22.7% after 1 month and up 30.6% to date (from the $37.29 close on Jun 24, 2026).

VRNS Varonis Systems, Inc.
$48.72 +52.06% year to date
Daily close · Oct 16, 2026

Key Points

  • Stephens upgraded Varonis Systems to a 'buy' rating with a new price target of $45 on June 24, 2026.
  • Stephens's $45 price target implies 16.70% upside from Varonis Systems, Inc.'s ($VRNS) current $38.56 share price.
  • Varonis Systems, Inc. traded at $37.29 on Friday with a market cap of $4.53 billion and a forward P/E of 100.9.
  • Insiders at Varonis have been active, with recent transactions including EVP Dov Gottlieb selling 9,264 shares.

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Stephens has upgraded Varonis Systems, Inc. (NasdaqGS: VRNS) to a 'buy' rating and set a new price target of $45. This change, announced on June 24, 2026, reflects Stephens' positive outlook on the company. Varonis shares traded at $37.29 on Friday.

Analyst rating track record

Stephens & Co. vs. the S&P 500

YTD return +14.83% hypothetical
All-time return -7.83% S&P 500 +26.98%
vs. S&P 500 -34.81% behind the index

Hypothetical returns from Stephens & Co.'s disclosed trades, not real profit or advice. How we model this.

Varonis Systems, Inc. Stock Down 18.9%

Shares of Varonis Systems, Inc. traded near $37.29 on Friday. The company has a market cap of approximately $4.53 billion and a forward P/E ratio of 100.9, indicating high expectations for future earnings. Its beta is 0.87, suggesting lower volatility compared to the broader market. Over the past year, the stock has ranged from a low of $19.70 to a high of $63.90. The 50-day moving average is $29.91, while the 200-day moving average stands at $34.80.

12-month forecast

$VRNS price target

Varonis Systems, Inc. daily closes and this analyst's $45 target. Not advice.

Insider Buying and Selling at Varonis Systems, Inc.

Insider activity at Varonis Systems has been notable. On May 31, 2026, Dov Gottlieb, the Executive Vice President and General Counsel, sold 9,264 shares at an average price of $34.15. Earlier, on May 22, CFO and COO Guy Melamed sold 104,440 shares at $23.10. Meanwhile, multiple insiders, including Rachel Prishkolnik and Carlos Aued, acquired 7,224 shares each on April 30, 2026.

Analysts Set New Price Targets

On June 24, 2026, Stephens & Co. upgraded Varonis Systems to a 'buy' rating, setting a price target of $45. This follows Needham's decision on June 23 to maintain its 'buy' rating with a $40 target. Other analysts, including Rosenblatt and JP Morgan, have recently expressed positive sentiments, with targets ranging from $37 to $40. The consensus among 22 analysts is a 'buy', with an average target price of $37.05.

About Varonis Systems

Varonis Systems, Inc. is a technology company based in Miami, Florida. It specializes in software products that help organizations manage and protect their data. The company's Varonis Data Security Platform offers solutions for data security posture management, data access intelligence, and user behavior analytics. Varonis serves various industries, including financial services, healthcare, and technology. Founded in 2004, the company is led by CEO Yakov Faitelson and employs about 2,658 people.

Bottom Line

Stephens' upgrade of Varonis Systems to 'buy' with a $45 price target underscores confidence in the company's future prospects. Investors will be watching closely to see if Varonis can meet these expectations. Keep in mind, analyst ratings are forward-looking and may not reflect the stock's current market conditions.

Source: Stephens's rating change on $VRNS (Jun 24, 2026). Written by software, not financial advice. How we make alerts

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