Analysts Offer Insights on Technology Companies: Varonis Systems (NASDAQ: VRNS) and Apptio Inc (NASDAQ: APTI)

By Carrie Williams

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Varonis Systems (NASDAQ: VRNS) and Apptio Inc (NASDAQ: APTI).

Varonis Systems (NASDAQ: VRNS)

D.A. Davidson analyst Rishi Jaluria maintained a Buy rating on Varonis Systems (NASDAQ: VRNS) today and set a price target of $75. The company’s shares closed yesterday at $65.35, close to its 52-week high of $68.25.

According to TipRanks.com, Jaluria is a 3-star analyst with an average return of 12.0% and a 70.6% success rate. Jaluria covers the Technology sector, focusing on stocks such as Pegasystems Inc, PROS Holdings, and Veeva Systems.

Currently, the analyst consensus on Varonis Systems is Strong Buy and the average price target is $72.67, representing an 11.2% upside.

In a report released today, Stifel Nicolaus also maintained a Buy rating on the stock with a $75 price target.

See today’s analyst top recommended stocks >>

Apptio Inc (NASDAQ: APTI)

J.P. Morgan analyst Mark Murphy maintained a Hold rating on Apptio Inc (NASDAQ: APTI) today and set a price target of $29. The company’s shares closed yesterday at $29.51, close to its 52-week high of $30.83.

According to TipRanks.com, Murphy is a 5-star analyst with an average return of 17.3% and a 76.5% success rate. Murphy covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Microsoft Corp, and Salesforce.com.

Apptio Inc has an analyst consensus of Moderate Buy, with a price target consensus of $33.43.

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