Jefferies raised the firm’s price target on Verint (VRNT) to $34 from $28 but keeps a Hold rating on the shares. The company’s Q3 earnings and revenue topped estimates, though the upside was partly a function of deal timing, as unbundled SaaS transactions pulled into the quarter, the analyst tells investors in a research note. Verint’s results helped allay investor concerns about the ramp anticipated in the second half of the year however, the firm added.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VRNT:
- Dollar General reports mixed Q3, American Air raises Q4 outlook: Morning Buzz
- Verint Reports Strong Q3 Earnings, Driven by AI
- Closing Bell Movers: Five Below up 13%, PVH slips 6% on earnings
- VRNT Earnings: Verint Systems Skyrockets after Smashing Q3 Estimates
- Verint CFO says revenue overachievement driven by unbundled SaaS renewal revenue