富国银行评级上调后，Varonis上涨

Shares of Varonis Systems (NASDAQ:VRNS) rose about 5% on Monday after Wells Fargo upgraded the stock to Overweight from Equal Weight.

The firm also raised the price target on the stock to $70 from $51.

Analysts led by Andrew Nowinski said they were upgrading Varonis as they believe the company is well-positioned to capitalize on the growing adoption of Agentic AI. "This should enable revenue growth to significantly accelerate in FY26, along with OM expansion, driving shares higher," the analysts added.

The analysts noted that their thesis is based on three reasons. Firstly, they believe Varonis has several levers to accelerate annual recurring revenue, or ARR, growth.

Secondly, the analysts believe that the consensus estimate for software as a service, or SaaS, revenue in FY26-27 is not correctly factoring in the conversion from ARR to revenue, underestimating the revenue growth the company can deliver.

"Finally, we believe the company can expand the operating margin to at least 10% in FY27, which adds valuation support," said Nowinski and his team.