Wells Fargo and Rosenblatt cut Varonis Systems price targets, Rosenblatt downgrades
Wells Fargo lowered its Varonis Systems target to $49.75 from $53.00, while Rosenblatt cut its target to $49.75 from $55.00 and moved to Neutral.
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what happened
According to TradingView, citing Benzinga, Wells Fargo reduced its price target for Varonis Systems shares to $49.75 from $53.00. Rosenblatt also lowered its target to $49.75, down from $55.00, and moved the stock from Buy to Neutral. Both decisions were recorded on October 16, 2026 in the same ratings summary.
These are routine moves by individual analysts, with no new company financial results or corporate events mentioned in the report.
why it matters
Changes like these reflect more cautious analyst expectations for the stock's value. For the broad market the signal is local, but for holders of the data security software maker it points to lower valuation estimates.
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instruments
sources
- Varonis Systems Price Target Cut to $49.75/Share From $53.00 by Wells Fargo — ru.tradingview.com, 16 October 2026 at 20:35 UTC
- Varonis Systems Price Target Cut to $49.75/Share From $55.00 by Rosenblatt — ru.tradingview.com, 16 October 2026 at 20:35 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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