TD Cowen analyst Shaul Eyal lowered the firm’s price target on Verint to $40 from $50 and keeps an Outperform rating on the shares. The firm said the lowered target was to reflect 2Q24 results that saw macro-driven deal slippage prompting the company to lower the FY24 top-line guide.
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Read More on VRNT:
- Verint Stock (NASDAQ:VRNT) Tanks 19% Following Weak Q2 Results; Rating Downgrades
- Verint downgraded to Perform from Outperform at Oppenheimer
- Verint falls 15% to $26.20 after Q2 earnings miss
- Verint backs FY24 EPS view $2.65 at midpoint, consensus $2.65
- Verint reports Q2 adjusted EPS 48c, consensus 57c
