Evercore Affirms ‘In Line’ Rating on Verint Systems (VRNT) amid Acquisition Reports

Verint Systems Inc. (NASDAQ:VRNT) is one of the top AI stocks with huge upside potential. On July 2, Evercore ISI reiterated ‘In Line’ rating on the stock with a $23 price target. The stance comes amid reports that the company is a potential acquisition target for private equity firm Thoma Bravo.

Evercore Affirms ‘In Line’ Rating on Verint Systems (VRNT) amid Acquisition Reports

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According to Evercore ISI, Verint Systems’ refusal to comment on the reported talks affirms the current discussions are purely speculative. The acquisition talk comes on the heels of the leader in customer experience automation delivering solid first-quarter results. Analysts insist that the company is benefiting from the adoption of artificial intelligence among its clients.

Verint Systems Inc. (NASDAQ:VRNT) has sought to position itself as an AI-forward company. It utilizes AI to drive customer experience (CX) automation and enhance customer engagement. It also offers AI-powered bots and solutions that aim to improve customer interactions, lower costs, and deliver measurable ROI.

While we acknowledge the potential of Verint Systems Inc. (NASDAQ:VRNT) as an investment, 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 the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.