10 Trending AI Stocks That Analysts Are Monitoring

5. Varonis Systems Inc. (NASDAQ:VRNS)

Number of Hedge Fund Holders: 42

Varonis Systems Inc. (NASDAQ:VRNS) offers cybersecurity solutions through its software platform, which automates the management and safeguarding of unstructured data with patented AI and ML technologies. The AI software showcases user behavior analytics and forensic analysis capabilities via platforms like data advantage, data privilege, and the data classification engine for automated threat identification and remediation. Varonis Systems Inc. (NASDAQ:VRNS) primarily focuses on protecting enterprise data, financial records, intellectual property, and confidential information of individuals.

On February 3rd, JPMorgan reduced the price target on Varonis Systems Inc. (NASDAQ:VRNS) to $55 from $65 but maintained an “Overweight” stock rating as part of the Q4 preview. The brokerage doesn’t expect meaningful copilot and agentic contribution this quarter but anticipates “solid results nonetheless with multiple tailwinds.” Analysts noted that new business traction and installed base conversion over reasonable estimates could improve fundamental upside.