Jefferies analyst Samad Samana downgraded Verint (VRNT) to Hold from Buy with a price target of $40, down from $45. Slowing revenue and EPS growth will make it hard for the shares to move much higher in spite of what Samana calls "a reasonable valuation," the analyst contends. He also sees greater uncertainty at key partners Avaya (AVYA) and Five9 (FIVN) presenting risk to Verint’s WFO business.
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Published first on TheFly
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Read More on VRNT:
- Verint price target lowered to $48 from $58 at RBC Capital
- Verint price target lowered to $45 from $56 at Wedbush
- Verint price target lowered to $50 from $75 at Cowen
- Verint announces $200M share buyback
- Verint sees FY24 EPS $2.70, consensus $2.76
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