Needham maintained a Buy rating on Verint Systems with a $40 price target following a transfer of coverage. The analyst believes Verint will reaccelerate revenue growth following a period of conversion for on-premise customers to sofware-as-a-service, which is largely complete, while also benefiting from new artificial intelligence “bots” that can accelerate organic revenue growth. These opportunities are not priced into the shares, the analyst tells investors in a research note.
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