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JPMorgan Chase & Co. hoisted their target price on shares of Verint Systems (NASDAQ:VRNT) from $55.00 to $56.50 in a research note issued on Thursday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 21.27% from the stock’s previous close.

Verint Systems (NASDAQ:VRNT) traded up 10.60% on Thursday, hitting $51.53. The stock had a trading volume of 1,510,329 shares. Verint Systems has a one year low of $32.80 and a one year high of $49.99. The stock has a 50-day moving average of $44.27 and a 200-day moving average of $44.21. The company has a market cap of $2.763 billion and a price-to-earnings ratio of 47.06.

Verint Systems (NASDAQ:VRNT) last released its earnings data on Wednesday, June 4th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.55 by $0.17. The company had revenue of $257.40 million for the quarter, compared to the consensus estimate of $254.99 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 25.3% on a year-over-year basis. On average, analysts predict that Verint Systems will post $3.30 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Verint Systems from an “outperform” rating to a “neutral” rating in a research note on Thursday, April 3rd. They now have a $51.50 price target on the stock. Separately, analysts at Imperial Capital raised their price target on shares of Verint Systems from $51.00 to $55.00 in a research note on Tuesday, April 1st. They now have an “outperform” rating on the stock. Finally, analysts at CRT Capital raised their price target on shares of Verint Systems from $52.00 to $58.00 in a research note on Tuesday, April 1st. They now have a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $54.86.

Verint Systems Inc (NASDAQ:VRNT) is engaged in Actionable Intelligence solutions and value-added services.

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