Oppenheimer Reaffirms Their Buy Rating on Verint Systems Inc


In a report released today, Shaul Eyal from Oppenheimer reiterated a Buy rating on Verint Systems Inc (NASDAQ: VRNT), with a price target of $49. The company’s shares closed yesterday at $41.75.

Eyal wrote:

“VRNT hosted a well-attended analyst day in which it highlighted the strength of its solutions and trends underlying its financial model. Customer Engagement has become an enterprise initiative and VRNT’s broad portfolio connects customer engagement across the enterprise. VRNT is also focused on market adjacencies such as Unified Communications and CRM. and terrorist threats are increasingly complex, with a shortage of analysts to deal with them. VRNT brings a software model and predictive intelligence to the arena to allow intelligence agencies to effectively utilize structured and unstructured data and to do more with less. We reiterate our Outperform rating and $49 price target.”

According to TipRanks.com, Eyal is a 5-star analyst with an average return of 14.0% and a 65.7% success rate. Eyal covers the Technology sector, focusing on stocks such as Nuance Communications, Varonis Systems, and Proofpoint Inc.

Verint Systems Inc has an analyst consensus of Moderate Buy, with a price target consensus of $49.50.

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The company has a one-year high of $44.55 and a one-year low of $37.05. Currently, Verint Systems Inc has an average volume of 332K.

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Verint Systems, Inc. engages in the provision of actionable intelligence. It operates through the following segments: Enterprise Intelligence Solutions, Cyber Intelligence Solutions, and Video and Situation Intelligence Solutions. The Enterprise Intelligence segment includes solutions for customer analytics, engagement management, and workforce optimization.

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