Goldman Sachs Starts Verint Systems (VRNT) at Buy

Goldman Sachs initiated coverage on Verint Systems (NASDAQ: VRNT) with a Buy rating and a price target of $68.00.

Analyst Greg Dunham said, "We are buyers of VRNT as we see the company as a unique blend of growth, profitability, and scale that is trading well below peers. Verint's double-digit growth is being driven by increased adoption of the company’s analytics platform within the Security and Customer Service segments. Adoption is accelerating as a result of Verint’s capability to operationalize analytics of unstructured data (Voice, Video, and unstructured text) in high-volume and speed use cases. The company has announced nearly $200mn in security signings in just the past two quarters and should garner more meaningful synergies from the recent KANA acquisition this year and next."

For an analyst ratings summary and ratings history on Verint Systems click here. For more ratings news on Verint Systems click here.

Shares of Verint Systems closed at $53.05 yesterday.

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