Varonis Systems, Inc. (NASDAQ:VRNS) has been upgraded by Wells Fargo from Equal Weight to Overweight due to rising demand for AI-powered data protection solutions. The firm predicts revenue to reach $968 million by 2027, with an operating margin of at least 10 percent. Varonis specializes in cybersecurity software, offering automated access controls and threat detection tools.

Wells Fargo expects Varonis Systems, Inc. to see revenue growth to $806 million in 2026 and $968 million in 2027, with an operating margin of at least 10 percent. The company’s focus on AI-native data protection solutions and managed detection and response (MDR) offerings are driving its success. Analysts believe the firm’s Microsoft partnership and new go-to-market initiatives will boost annual recurring revenue over the next two years.

Varonis Systems is a cybersecurity software company based in Miami, Florida, specializing in protecting enterprise data through access controls and threat detection tools. Wells Fargo’s upgrade of Varonis to Overweight reflects the company’s strong positioning in the AI data protection sector. The firm expects continued growth driven by new initiatives and partnerships, with revenue forecasted to reach $806 million in 2026 and $968 million in 2027.

Read more at Yahoo Finance: Wells Fargo Upgrades Varonis (VRNS) to Overweight, Citing Rising Demand for AI-Powered Data Protection