Cognyte price target raised to $7.50 from $5 at Evercore ISI

Evercore ISI raised the firm’s price target on Cognyte to $7.50 from $5 and keeps an In Line rating on the shares following what the firm calls “solid” fiscal Q4 results. Yesterday’s reaction in the shares “does not correlate with the execution and upbeat outlook,” says the analyst, who adds that commentary from management “sounded a bit more optimistic” than what the firm has been hearing all year.