TD Cowen analyst Shaul Eyal has maintained their bullish stance on VRNT stock, giving a Buy rating today.
Shaul Eyal has given his Buy rating due to a combination of factors that highlight Verint Systems’ potential for future growth. Despite a revenue miss in the fourth quarter, the company’s annual recurring revenue (ARR) guidance for fiscal year 2026 has been revised upwards, indicating an 8% year-over-year growth. This suggests confidence in the company’s ability to recover from the slippage of certain contracts and maintain its long-term growth strategy.
Additionally, Verint’s momentum in AI-driven SaaS revenue, which saw a significant increase, underscores the company’s strategic focus on AI over cloud conversion projects. The record SaaS bookings and notable competitive wins further reinforce the positive outlook. Moreover, Verint’s strong balance sheet, with low net debt to EBITDA and robust cash flows, supports its financial stability and strategic initiatives, such as the $200 million buyback plan. These elements collectively contribute to the Buy rating, reflecting optimism about Verint’s future performance.
In another report released today, Needham also maintained a Buy rating on the stock with a $30.00 price target.