Fintel reports that on January 5, 2026, Piper Sandler upgraded their outlook for Varonis Systems (NasdaqGS:VRNS) from Neutral to Overweight.
Analyst Price Forecast Suggests 60.82% Upside
As of December 20, 2025, the average one-year price target for Varonis Systems is $52.85/share. The forecasts range from a low of $27.27 to a high of $65.10. The average price target represents an increase of 60.82% from its latest reported closing price of $32.86 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Varonis Systems is 649MM, an increase of 6.61%. The projected annual non-GAAP EPS is 0.72.
What is the Fund Sentiment?
There are 675 funds or institutions reporting positions in Varonis Systems. This is an decrease of 1 owner(s) or 0.15% in the last quarter. Average portfolio weight of all funds dedicated to VRNS is 0.37%, an increase of 3.55%. Total shares owned by institutions decreased in the last three months by 1.36% to 140,691K shares. 
The put/call ratio of VRNS is 0.36, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,438K shares representing 2.92% ownership of the company. In its prior filing, the firm reported owning 3,395K shares , representing an increase of 1.24%. The firm increased its portfolio allocation in VRNS by 13.35% over the last quarter.
Voya Investment Management holds 3,312K shares representing 2.81% ownership of the company. In its prior filing, the firm reported owning 3,326K shares , representing a decrease of 0.41%. The firm decreased its portfolio allocation in VRNS by 46.00% over the last quarter.
First Trust Advisors holds 3,148K shares representing 2.67% ownership of the company. In its prior filing, the firm reported owning 2,917K shares , representing an increase of 7.33%. The firm increased its portfolio allocation in VRNS by 12.91% over the last quarter.
Goldman Sachs Group holds 2,967K shares representing 2.52% ownership of the company. In its prior filing, the firm reported owning 3,803K shares , representing a decrease of 28.18%. The firm decreased its portfolio allocation in VRNS by 81.34% over the last quarter.
IWM - iShares Russell 2000 ETF holds 2,740K shares representing 2.32% ownership of the company. In its prior filing, the firm reported owning 2,922K shares , representing a decrease of 6.61%. The firm increased its portfolio allocation in VRNS by 18.82% over the last quarter.
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This story originally appeared on Fintel.
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