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."

You May Also Be Interested In

• Citi Upgrades Grupo Aeroportuario del Pacifico SAB de CV (GAPB:MM) (PAC) to Buy
• Citizens Financial Group (CFG) PT Raised to $85 at DA Davidson
• Manpower Inc. (MAN) PT Raised to $55 at UBS Following Better-Than-Expected Q2 Results