Jefferies Cut Verint Systems Inc. (VRNT)'s Price Target
Samad Samana, a Jefferies analyst, maintained a Hold rating on Verint Systems Inc. (NASDAQ:VRNT) shares and reduced the price objective from $32 to $19.
A remotely located customer service desk acting as the frontline in the software industry.
The firm revised the company's model to take into account its Q4 performance and its fiscal 2026 projections. Verint Systems Inc. (NASDAQ:VRNT)'s non-GAAP EPS of $0.99, which was below the consensus of $1.27, fell short of earnings forecasts.
The unbundled SaaS revenue was lower than anticipated, affecting the revenue, which came in at $254 million. The stock has also dipped by 37.20% year-to-date.
Nevertheless, the business surpassed its cash contribution, cash generation, and ARR projections. SaaS ACV from new deals grew 30% YoY to $32 million, while subscription ARR hit $712 million (up 5.2% YoY). Verint Systems Inc. (NASDAQ:VRNT) boosted its Subscription ARR projection to $768 million (an 8% YoY growth) for FYE 2026 and forecasts $960 million in revenue and cash generation.
While we acknowledge the potential of VRNT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VRNT and that has 100x upside potential, check out our report about this
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