Craig-Hallum analyst Chad Bennett raised his price target for Varonis to $110 from $82 as the company posted Q4 revenue and EPS results just ahead of estimates. The analyst notes that management also established fiscal year 2020 guidance that came in ahead of estimates for revenue, but materially below for operating income and EPS. While the lower than anticipated profitability guides may concern investors in the near-term, he believes that management is making the right move to prioritize sustained Subscription growth. Bennett maintains a Buy rating on the shares.