Needham Initiates a Buy Rating on Verint Systems Inc (VRNT)
In a report released today, Ryan MacDonald from Needham initiated coverage with a Buy rating on Verint Systems Inc (VRNT) and a price target of $53.00. The company’s shares closed last Monday at $42.68, close to its 52-week low of $39.96.
According to TipRanks.com, MacDonald is a 4-star analyst with an average return of 15.6% and a 61.5% success rate. MacDonald covers the Technology sector, focusing on stocks such as Coupa Software Inc, eGain Corp, and Liveperson.
Verint Systems Inc has an analyst consensus of Strong Buy, with a price target consensus of $66.40.
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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 550K.
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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.