VRNS Price Prediction Next Week
Based on the provided data and recent market activity, here's a comprehensive analysis and price prediction for VRNS for the next trading week:
Technical Analysis
The stock is currently showing mixed technical signals:
- RSI-14 at 44.39 indicates neutral momentum
- MACD (-0.57) with a positive histogram (0.08) suggests potential trend reversal
- Stock trading below both SMA-200 (49.32) and SMA-60 (45.77) indicates bearish long-term trend
- Bollinger Bands show price near the middle band (43.84), with upper band at 48.63 and lower band at 39.04
Price Levels
- Key resistance levels: 44.31 (Fibonacci R1), 45.47 (Fibonacci R2)
- Support levels: 40.54 (Fibonacci S1), 39.38 (Fibonacci S2)
- Current pivot point: 42.43
News Sentiment & Analyst Views
- Recent analyst coverage remains positive, with Barclays maintaining a Buy rating and $60 price target
- Multiple analysts have reiterated Buy ratings, with consensus price targets ranging from $54.90 to $56.00
- Company fundamentals remain strong despite recent share price weakness
Price Prediction for Next Week Based on technical indicators and analyst sentiment, VRNS is likely to trade between $42.43 (pivot) and $44.31 (R1) next week. The stock shows potential for upward movement due to:
- Positive MACD histogram divergence
- Strong analyst confidence
- Current price consolidation near middle Bollinger Band
Trading Recommendation BUY with entry point at current levels ($42.97) with following targets:
- First target: $44.31 (R1)
- Stop loss: $40.54 (S1)
The positive analyst sentiment and technical setup suggest favorable risk/reward for a long position, despite current market volatility.
VRNS Similar Chart Price Prediction
The price of VRNS is predicted to go up -10.53%, based on the high correlation periods with SWBI. The similarity of these two price pattern on the periods is 92.58%.
VRNS
SWBI
Down: -10.53%Similarity: 92.58%
VRNS Revenue Forecast
VRNS EPS Forecast
VRNS FAQs
What is bull’s view on VRNS?
What is bear's view on VRNS?
What is VRNS revenue forecast for next quarter？
What is VRNS eps forecast for next quarter？
VRNS VS S&P500
Varonis remains a strong competitor in the data security and privacy space.
Data security and privacy spending is expected to increase materially, thereby acting as a tailwind behind data security vendors such as Varonis.
The firm's long operating history means that it has valuable expertise within the data security end market.
VRNS Analyst's Forecast
Rob Owens
Piper Sandler
Hold
2025-01-06
Price Target
$55 → $50
Upside
+10.79%
Piper Sandler lowered the firm's price target on Varonis to $50 from $55 and keeps a Neutral rating on the shares. Turning the page to 2025, the firm still sees an active threat landscape buoyed by the threat of GenAI, increased geo-political tensions and broader concerns over protection of critical infrastructure. As the economy has stabilized, Piper notes IT spending intentions improved overall and are particularly strong for cyber, AI and key areas of infrastructure software.
Joseph Gallo
Jefferies
Hold
2024-12-19
Price Target
$60 → $50
Upside
+10.99%
Rob Owens
Piper Sandler
Hold
2024-10-30
Price Target
$48 → $55
Upside
+4.8%
