Verint Systems (VRNT – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Joshua Reilly from Needham reiterated a Buy rating on the stock and has a $30.00 price target.
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Joshua Reilly has given his Buy rating due to a combination of factors that highlight Verint Systems’ strategic positioning and growth potential. The company’s focus on AI applications, as opposed to splitting resources between infrastructure and applications like some competitors, positions it uniquely in the market. This differentiation is expected to drive significant growth in annual recurring revenue (ARR), which is projected to accelerate through fiscal year 2026.
Reilly also points out that as Verint’s management successfully implements their strategy of leveraging AI bot growth to counterbalance the decline in workforce management revenue from contact center agents, the company is poised for multiple expansion. This strategic approach, coupled with the company’s strong focus on AI, supports the Buy rating and maintains Verint Systems as a top conviction pick for Needham.
Reilly covers the Technology sector, focusing on stocks such as Tyler Technologies, Verint Systems, and AudioEye. According to TipRanks, Reilly has an average return of 1.2% and a 42.79% success rate on recommended stocks.