Verint named 2025 Top Pick, added to ‘Conviction List’ at Needham

Needham keeps a Buy rating and $40 price target on Verint (VRNT) while naming the stock the firm’s 2025 top pick and adding it to the “Needham Conviction” list. The firm outlines several positive catalysts for shares in 2025, including the improvement in contact center spending following two challenging years after a COVID boom in spending that extended into 2022 and the company’s strong position in selling applications to customers who prefer a Hybrid Cloud contact center environment. Needham also believes that Verint can offset any declines in seat based WFO revenue with growth in AI Bot applications, and contends that bears are too negative on expected declines in contact center seats near-term.