Wedbush Reaffirms Their Buy Rating on Verint Systems Inc (VRNT)
Wedbush analyst Daniel Ives maintained a Buy rating on Verint Systems Inc (VRNT) today and set a price target of $70. The company’s shares closed last Monday at $53.84.
According to TipRanks.com, Ives is a 4-star analyst with an average return of 3.5% and a 53.9% success rate. Ives covers the Technology sector, focusing on stocks such as Nuance Communications, Tenable Holdings Inc, and Citrix Systems Inc.
Verint Systems Inc has an analyst consensus of Moderate Buy, with a price target consensus of $72.50, which is a 35.2% upside from current levels. In a report released today, Jefferies also maintained a Buy rating on the stock with a $67 price target.
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Verint Systems Inc’s market cap is currently $3.54B and has a P/E ratio of 51.28. The company has a Price to Book ratio of 2.81.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VRNT in relation to earlier this year.
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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.