Cognyte Software Receives Buy Recommendation from Lake Street and Sees 72.64% Upside Potential

Lake Street initiates coverage of Cognyte Software (CGNT) with a Buy recommendation, with an analyst price forecast suggesting 72.64% upside. The average one-year price target for CGNT is $12.24/share, representing an increase of 72.64% from its latest reported closing price of $7.09/share. The projected annual revenue for CGNT is 386MM, a decrease of 0.60%.