Evercore ISI Group Downgrades Verint Systems to In-Line, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Peter Levine has downgraded Verint Systems (NASDAQ:VRNT) from Outperform to In-Line and lowered the price target from $50 to $28.
September 07, 2023 | 12:37 pm
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NEGATIVE IMPACT
Verint Systems has been downgraded from Outperform to In-Line by Evercore ISI Group, with a lowered price target from $50 to $28.
The downgrade from Outperform to In-Line and the significant reduction in price target by a reputable analyst group like Evercore ISI could negatively impact investor sentiment towards Verint Systems, potentially leading to a decrease in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100