Verint Systems' AI-Driven CX Automation To Curb Rising Labor Costs: Needham Analyst
Portfolio Pulse from Nabaparna Bhattacharya
Needham analyst Ryan MacDonald reiterated a Buy rating on Verint Systems Inc. (NASDAQ:VRNT) with a price target of $50, citing the company's AI-driven CX Automation initiatives. The analyst believes these bots will drive incremental efficiency and curb rising labor costs, and expects Verint's customer engagement business to support a near 30% EBITDA margin.
June 14, 2023 | 6:03 pm
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Needham analyst Ryan MacDonald reiterated a Buy rating on Verint Systems with a price target of $50, citing the company's AI-driven CX Automation initiatives to curb rising labor costs.
The analyst's positive outlook on Verint Systems' AI-driven CX Automation initiatives, which are expected to drive incremental efficiency and curb rising labor costs, supports a Buy rating and a price target of $50. This news is highly relevant and important for investors in VRNT, as it highlights the company's potential for growth and profitability. The confidence in the analysis is high, as it is based on the analyst's expertise and understanding of the company's initiatives.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100