RBC Capital analyst Dan Bergstrom lowered the firm’s price target on Verint (VRNT) to $29 from $36 and keeps an Outperform rating on the shares. The company’s Q4 was somewhat mixed despite favorable trends, with ratable results ahead while non-ratable revenue/EPS fell short of consensus on a large financial services deal that approached $20M pushing out of the quarter, the analyst tells investors in a research note. Longer term, Verint remains well-positioned for the opportunity around AI bots, which remains early across the customer base and should build over time, the firm added.
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