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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on VRNT:
- Verint awarded $49M from U.S. healthcare company
- The cloud and communications stocks to own in 2024, according to Oppenheimer
- Verint (NASDAQ:VRNT) Climbs after Better-than-Expected Q3 Results
- Verint jumps 10.6% to $26.57 after Q3 earnings beat, affirmed guidance
- Verint sees FY24 EPS $2.65, consensus $2.62