FBR Capital Markets Boosts Verint Systems Price Target to $64.00 (VRNT)
Analysts at FBR Capital Markets upped their price target on shares of Verint Systems (NASDAQ:VRNT) from $60.00 to $64.00 in a research report issued to clients and investors on Friday. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ price target would indicate a potential upside of 25.24% from the stock’s previous close.
Shares of Verint Systems (NASDAQ:VRNT) traded up 6.34% during mid-day trading on Friday, hitting $54.34. 873,277 shares of the company’s stock traded hands. Verint Systems has a 52-week low of $35.24 and a 52-week high of $53.19. The stock has a 50-day moving average of $48.65 and a 200-day moving average of $47.09. The company has a market cap of $2.936 billion and a price-to-earnings ratio of 30.76.
Verint Systems (NASDAQ:VRNT) last announced its earnings results on Thursday, September 4th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.60 by $0.12. The company had revenue of $276.80 million for the quarter. During the same quarter in the prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 27.8% on a year-over-year basis.
A number of other firms have also recently commented on VRNT. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Verint Systems in a research note on Wednesday. They now have a $57.00 price target on the stock, up previously from $55.00. Separately, 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. Nine investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of $59.75.
Verint Systems Inc (NASDAQ:VRNT) is engaged in Actionable Intelligence solutions and value-added services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.