TD Cowen raises target to USD 56 for Varonis Systems stock

Published on 10/15/2026 at 13:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue hit USD 180.02 million, up 18.30 percent year over year. Varonis Systems stock has October 27 results with USD 186.80 million consensus revenue.

Analyst target and reporting date

TD Cowen raised its Varonis target from USD 53.00 to USD 56.00 on October 13, 2026.
Second-quarter revenue rose 18.30 percent year over year to USD 180.02 million.
Varonis Systems stock trades at EUR 41.38 at 1:05 p.m. CEST at Lang & Schwarz on October 15, 2026.
Third-quarter results are scheduled for October 27, 2026, after the market closes.

VRNS, US9222801022, Illustration mit AI erstellt.

TD Cowen raised its price target for Varonis Systems from USD 53.00 to USD 56.00 on October 13, 2026, while maintaining a Buy rating, according to MarketBeat. The move gives investors a fresh valuation marker before the cybersecurity company reports its third-quarter results.

TD Cowen lifts target to USD 56

The revised target followed a sharp rise in the shares around the analyst update, but the central comparison remains with operating performance. Varonis reported second-quarter revenue of USD 180.02 million on July 28, 2026, up 18.30 percent from the prior year and above the USD 176.83 million consensus estimate, according to MarketBeat. Adjusted earnings per share reached USD 0.04, versus a USD 0.01 consensus estimate.

What does the upgrade mean?

The analyst case is tied to Varonis' software transition and data-security demand linked to enterprise artificial intelligence. Yorkville Ives initiated coverage with an In Line rating and a USD 50.00 target on October 7, 2026, while citing the company's position in AI data security, as reported by Investing.com. The same report said SaaS annual recurring revenue excluding conversions rose 25.00 percent to USD 598.10 million in the second quarter.

Three events shape the setup

On July 28, 2026, Varonis reported USD 180.02 million in second-quarter revenue. On October 7, 2026, Yorkville Ives began coverage with a USD 50.00 target. On October 13, 2026, TD Cowen lifted its target from USD 53.00 to USD 56.00, the latest of the three dated developments.

October 27 is the next date

Varonis is estimated to report third-quarter results on October 27, 2026, after the market closes, with a conference call scheduled for 4:30 p.m. ET, according to MarketBeat. The consensus calls for USD 186.80 million in revenue and adjusted earnings per share of USD 0.0258.

VRNS trades lower in euros

Varonis Systems stock was trading at EUR 41.38 at Lang & Schwarz on October 15, 2026 at 1:05 p.m. CEST. The primary listing is Nasdaq, where the stock's 52-week range is USD 19.70 to USD 63.80 and market capitalization is USD 5.4 billion as of October 15, 2026. The further course of trading is shown by the continuously updated real-time quote of Varonis Systems stock.