Verint Systems Inc (VRNT) Received its Third Buy in a Row


After Oppenheimer and Jefferies gave Verint Systems Inc (NASDAQ: VRNT) a Buy rating last month, the company received another Buy, this time from Wedbush. Analyst Daniel Ives maintained a Buy rating on Verint Systems Inc today and set a price target of $70. The company’s shares closed yesterday at $60.83, close to its 52-week high of $63.94.

According to TipRanks.com, Ives is a 4-star analyst with an average return of 6.2% and a 58.5% success rate. Ives covers the Technology sector, focusing on stocks such as Nuance Communications, Uber Technologies Inc, and Pivotal Software Inc.

Verint Systems Inc has an analyst consensus of Strong Buy, with a price target consensus of $67.33, which is a 10.7% upside from current levels. In a report issued on May 6, Oppenheimer also reiterated a Buy rating on the stock with a $65 price target.

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The company has a one-year high of $63.94 and a one-year low of $39.96. Currently, Verint Systems Inc has an average volume of 544K.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Verint Systems, Inc. engages in providing 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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