RBC Capital Raises Verint Systems Price Target to $60.00 (VRNT)
Equities researchers at RBC Capital upped their price target on shares of Verint Systems (NASDAQ:VRNT) from $57.00 to $60.00 in a research report issued on Friday. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective points to a potential upside of 17.42% from the stock’s previous close.
A number of other analysts have also recently weighed in on VRNT. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Verint Systems in a research note on Friday. They now have a $59.00 price target on the stock, up previously from $57.00. Separately, analysts at FBR Capital Markets raised their price target on shares of Verint Systems from $60.00 to $64.00 in a research note on Friday. They now have an “outperform” rating on the stock. Finally, 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. Nine equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of $59.25.
Verint Systems (NASDAQ:VRNT) opened at 51.10 on Friday. 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 $48.65 and its 200-day moving average is $47.09. The company has a market cap of $2.761 billion and a P/E ratio of 30.54.
Verint Systems (NASDAQ:VRNT) last released its earnings data 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. On average, analysts predict that Verint Systems will post $3.39 earnings per share for the current fiscal year.
Verint Systems Inc (NASDAQ:VRNT) is engaged in Actionable Intelligence solutions and value-added services.
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