Varonis Systems Inc. (NASDAQ: VRNS) is emerging as a top cybersecurity stock under $50, with a strong Buy consensus rating from analysts—15 Buy and 4 Hold. Currently priced at $31.22, analysts foresee a significant upside of 78.58%, targeting $57.61. Varonis recently integrated its data security posture management (DSPM) with Microsoft Purview, enhancing visibility for organizations managing sensitive data across various platforms, including Salesforce. CEO Yaki Faitelson emphasized that this partnership is timely amid rising AI adoption, enabling secure interactions with AI applications. Despite stock pullbacks post-Q3 results, William Blair’s analyst maintains a Buy rating due to Varonis’s solid sales growth. The company specializes in protecting critical data through innovative monitoring and risk reduction techniques. While Varonis shows promise, investors might consider other AI stocks with potentially higher returns. For additional insights on valuable stocks, check out our free report on leading AI investments.
Varonis Systems, Inc. (VRNS) Leverages Microsoft Purview to Harness AI Application Growth Potential
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