How Will Verint Systems (VRNT) Stock React To This Coverage Initiation?

NEW YORK (TheStreet) -- Shares of Verint Systems Inc. (VRNT) are up 2.73% to $54.50 in pre-market trade after Goldman Sachs initiated coverage on the actionable Intelligence solutions and value-added services company with a "buy" recommendation and a $68, 12-month price target.

Secular tailwinds and strong growth should drive shares higher and valuation relative to peers is very attractive, in our view, the firm said.

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Separately, TheStreet Ratings team rates VERINT SYSTEMS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate VERINT SYSTEMS INC (VRNT) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

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