Wedbush lowered the firm’s price target on Verint (VRNT) to $30 from $38 and keeps an Outperform rating on the shares. The firm notes the company reported its Q4 earnings featuring misses on both the top and bottom lines primarily due to the timing of unbundled SaaS revenue renewals, but Wedbush continues to believe that Verint remains well positioned within the CX space as the company capitalizes on its current demand pipeline while further embedding AI capabilities into its CX platform.
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Read More on VRNT:
- Verint Systems’ Earnings Call Highlights Strong ARR and AI Growth
- Verint Systems Stock (NASDAQ:VRNT) Tumbles on Earnings Miss as Analysts Trim Targets
- Verint price target lowered to $33 from $36 at TD Cowen
- Verint price target lowered to $23 from $34 at Evercore ISI
- Verint price target lowered to $29 from $36 at RBC Capital
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