Verint price target lowered to $40 from $50 at Needham

Needham lowered the firm’s price target on Verint to $40 from $50 but keeps a Buy rating on the shares. The company’s Q2 results were “poor” with revenue and earnings coming in below expectations, but the revenue shift into FY25 will eliminate a projected 2.5% headwind, the analyst tells investors in a research note. Needham adds that it is confident that growth will reaccelerate for Verint, stating that it remains a “buyer on weakness”.