Varonis Rises 13% to $25.61 on Upgraded Ratings and AllTrue.ai Deal
Varonis shares jumped 13.07% to close at $25.61 after six firms issued overweight and buy ratings. Analysts cut price targets to $30–$45 (from $30–$60) and Morgan Stanley trimmed its target to $27, while Varonis closed its acquisition of AI trust firm AllTrue.ai.
1. Stock Rises 13% on Analyst Ratings
Varonis shares surged 13.07%, ending the session at $25.61 after six investment firms issued overweight and buy ratings. This broad-based upgrade signaled renewed investor confidence in the company’s growth prospects.
2. Analysts Lower Price Targets
The six firms reset their price targets to a $30–$45 range, down from $30–$60 previously, reflecting more conservative upside expectations. Morgan Stanley maintained an equal weight rating but trimmed its target to $27.
3. AllTrue.ai Acquisition Impact
Varonis closed the acquisition of AllTrue.ai, adding real-time AI system visibility and enforcement to its Data Security Platform. The deal aims to help organizations monitor AI behavior, secure data access, and manage AI-related risks.