Verint price target lowered to $30 from $34 at Evercore ISI

Evercore ISI lowered the firm’s price target on Verint to $30 from $34 and keeps an In Line rating on the shares. Verint reported mixed Q2 results and management maintained their FY25 revenue guidance, notes the firm, which views the market’s reaction as “somewhat exaggerated, likely driven by the assumption that the lackluster results and guidance suggest the numbers are not sufficiently derisked.” However, the firm adds that “this is not the environment to deliver mixed results” and while it says valuation “would appear to be washed out,” the firm does not see an immediate catalyst that “would flip the narrative.”