Verint price target raised to $34 from $28 at Jefferies

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.