Verint Systems (VRNT) PT Lowered to $28 at Jefferies

Jefferies analyst Samad Samana lowered the price target on Verint Systems (NASDAQ: VRNT) to $28.00 (from $32.00) while maintaining a Hold rating.

The analyst comments "VRNT missed on total rev (-1%) and EPS (-7%), as an unbundled SaaS deal was pushed. Mgmt did reaffirm the FY25 targets for rev and EPS. The Bot pipeline remains solid, but the implied 14% FY25 bundled SaaS guide remains below the ~20% Dec AD tgt as customers prioritize net new bot/AI deals over conversions. Mgmt affirmed that the results were not impacted by macro or AI disruption. With estimates coming down and concerns around demand, we lower our PT to $28."

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