Verint Systems (VRNT – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Joshua Reilly from Needham remains neutral on the stock and has a $40.00 price target.
Joshua Reilly’s Buy rating on Verint Systems is rooted in a couple of key expectations for the company’s financial trajectory. He anticipates Verint will experience a revitalization in revenue growth spurred by the shift of its on-premise customer base to a SaaS model, a transition that is nearing completion. Additionally, Reilly foresees that the introduction of new AI-driven “bots” will significantly boost organic revenue growth in the company’s “bundled” SaaS offerings.
The financial metrics also support Reilly’s positive stance. He points out that Verint’s shares are currently trading at an attractive valuation—approximately 13 times enterprise value to free cash flow (EV/FCF) based on fiscal year 2025 consensus estimates. With this in mind, he suggests that if Verint succeeds in its plans to rekindle revenue growth by the 2025 fiscal year, the company’s market valuation could expand considerably. This potential for growth is not yet reflected in the stock price, implying a strong upside and an opportunity for the shares to surpass broader market performance over the forthcoming year.
According to TipRanks, Reilly is a 3-star analyst with an average return of 1.4% and a 44.53% success rate. Reilly covers the Technology sector, focusing on stocks such as Vertex, Clear Secure, and Asure.
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Verint Systems (VRNT) Company Description:
Verint Systems, Inc. engages in providing actionable intelligence. It operates through the following segments: Enterprise Intelligence Solutions, Cyber Intelligence Solutions, and Video and Situation Intelligence Solutions. The Enterprise Intelligence segment includes solutions for customer analytics, engagement management, and workforce optimization. The Cyber Intelligence Solutions segment addresses the security intelligence market. The Video and Situation Intelligence Solutions segment handles the fraud, risk, and compliance market. The company was founded in February 1994 and is headquartered in Melville, NY.
Read More on VRNT:
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- Verint (NASDAQ:VRNT) Climbs after Better-than-Expected Q3 Results
- Verint jumps 10.6% to $26.57 after Q3 earnings beat, affirmed guidance
- Verint sees FY24 EPS $2.65, consensus $2.62
