Varonis Systems, Inc. (NASDAQ:VRNS) is one of the Best Cybersecurity Stocks to Buy Under $100. On July 24, Jefferies upgraded Varonis Systems, Inc. (NASDAQ:VRNS) stock from Hold to Buy, raising its price target from $50 to $65.
Joseph Gallo from Jefferies raised the rating and price target on VRNS as the analysts believe cybersecurity spend will remain robust and continue to hold a steady percentage of software budgets in the coming years. Varonis Systems offers small-cap exposure to AI in the space. During Q2 2025, the company saw a notable increase in SaaS revenue, growing significantly to $105.9 million from $44.8 million year-over-year. VRNS remains one of Gallo’s favorite stocks for the second half of 2025.
welcomia/Shutterstock.com
Gallo also pointed out that Varonis is well-positioned to address the increasingly important data governance market as generative AI adoption materializes. The SaaS revenue growth during Q2 is a major indicator of where the company is heading.
Varonis Systems, Inc. is a data security company that offers a cloud-native data security platform. The company’s system discovers and classifies critical data, removes exposures, and detects advanced threats with AI-powered automation.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
This article is originally published at Insider Monkey.
