Wedbush Raises Varonis Systems Price Target to $49.75 Following Acquisition Deal

Key Facts

1Wedbush raised its price target for Varonis Systems to $49.75 to align with the cash acquisition offer from Proofpoint.

2The all-cash acquisition deal values Varonis Systems at approximately $6.3 billion, representing a 52% premium over its June 22 closing price.

3Legal firms are investigating whether the $49.75 offer price is fair to public shareholders.

Wedbush raised its price target for Varonis Systems to $49.75 to align with the cash acquisition offer from Proofpoint. The all-cash acquisition deal values Varonis Systems at approximately $6.3 billion, representing a 52% premium over its June 22 closing price, according to reports from GlobeNewswire and Financial Modeling Prep.

VRNS closed at $47.34 on October 15, 2026, which is approximately 5.1% below the new target set by Wedbush. Meanwhile, PR Newswire reported that legal firms, including Ademi LLP and Halper Sadeh LLC, are investigating whether the $49.75 offer price is fair to public shareholders and if it limits competing offers.