Verint Systems Earns Overweight Rating from JPMorgan Chase & Co. (VRNT)
Verint Systems (NASDAQ:VRNT)‘s stock had its “overweight” rating reiterated by stock analysts at JPMorgan Chase & Co. in a report issued on Wednesday. They currently have a $57.00 price target on the stock, up from their previous price target of $55.00. JPMorgan Chase & Co.’s price target points to a potential upside of 12.01% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Verint Systems in a research note on Monday, June 23rd. They now have a $60.00 price target on the stock. Separately, analysts at Imperial Capital raised their price target on shares of Verint Systems from $55.00 to $58.00 in a research note on Friday, June 6th. They now have an “outperform” rating on the stock. Finally, analysts at CRT Capital raised their price target on shares of Verint Systems from $58.00 to $60.00 in a research note on Thursday, June 5th. They now have a “buy” rating on the stock. Eight research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of $58.50.
Shares of Verint Systems (NASDAQ:VRNT) traded down 0.57% on Wednesday, hitting $50.63. 146,655 shares of the company’s stock traded hands. Verint Systems has a one year low of $35.24 and a one year high of $53.19. The stock’s 50-day moving average is $48.49 and its 200-day moving average is $47.04. The company has a market cap of $2.736 billion and a price-to-earnings ratio of 30.66.
Verint Systems Inc (NASDAQ:VRNT) is engaged in Actionable Intelligence solutions and value-added services.
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