Verint Likely To Report Lower Q1 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Verint Systems Inc. VRNT is expected to report its first quarter financial results after the closing bell on June 7, 2023.

Analysts expect the company to post quarterly earnings at 47 cents per share, down from year-ago earnings of 52 cents per share. The company’s revenue might come in at $216.15 million.

Verint shares rose 1.9% to close at $37.53 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Needham analyst Ryan MacDonald reiterated a Buy rating with a price target of $50 on March 30, 2023. This analyst sees around 33% upside in the company’s stock and has an accuracy rate of 64%.
• Cowen & Co. analyst Shaul Eyal maintained an Outperform rating and cut the price target from $75 to $50 on Dec. 8, 2022. This analyst sees around 33% upside in the company’s stock and has an accuracy rate of 78%.
• Wedbush analyst Daniel Ives maintained an Outperform rating and slashed the price target from $56 to $45 on Dec. 8, 2022. This analyst sees around 20% upside in the company’s stock and has an accuracy rate of 73%.
• Jefferies analyst Samad Samana downgraded the stock from Buy to Hold and cut the price target from $45 to $40 on Jan. 5, 2023. This analyst sees around 7% upside in the company’s stock and has an accuracy rate of 56%.

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