Nice (NASDAQ:NICE) Price Target Raised to $195.00

by · The Cerbat Gem

Nice (NASDAQ:NICE – Free Report) had its price objective raised by DA Davidson from $185.00 to $195.00 in a research note published on Friday morning,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

A number of other equities analysts also recently commented on the stock. Piper Sandler reaffirmed a “neutral” rating and issued a $182.00 price objective (up previously from $153.00) on shares of Nice in a report on Friday, June 13th. Morgan Stanley reduced their price target on shares of Nice from $235.00 to $202.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $161.00 price objective on shares of Nice in a report on Wednesday, June 18th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of Nice in a research report on Wednesday, June 18th. Finally, Barclays dropped their price target on shares of Nice from $286.00 to $226.00 and set an “overweight” rating on the stock in a research report on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $209.75.

Check Out Our Latest Report on Nice

Nice Stock Performance

NICE opened at $162.61 on Friday. The firm has a 50 day moving average price of $162.36 and a 200 day moving average price of $162.80. The company has a market cap of $10.29 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 1.48 and a beta of 1.01. Nice has a 1 year low of $137.19 and a 1 year high of $200.65.

Nice (NASDAQ:NICE – Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The technology company reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.03. The company had revenue of $700.19 million for the quarter, compared to analyst estimates of $699.46 million. Nice had a net margin of 16.77% and a return on equity of 16.37%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.58 earnings per share. On average, sell-side analysts predict that Nice will post 9.85 earnings per share for the current year.

Hedge Funds Weigh In On Nice

Several institutional investors and hedge funds have recently bought and sold shares of NICE. Tradewinds Capital Management LLC bought a new stake in shares of Nice in the 4th quarter valued at approximately $25,000. Anchor Investment Management LLC lifted its holdings in shares of Nice by 200.0% during the fourth quarter. Anchor Investment Management LLC now owns 150 shares of the technology company’s stock worth $25,000 after buying an additional 100 shares during the last quarter. Park Square Financial Group LLC acquired a new position in shares of Nice during the fourth quarter worth approximately $25,000. McIlrath & Eck LLC lifted its holdings in shares of Nice by 56.9% during the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company’s stock worth $27,000 after buying an additional 58 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of Nice in the first quarter valued at $34,000. Hedge funds and other institutional investors own 63.34% of the company’s stock.

About Nice

(Get Free Report)

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform; Enlighten, an AI engine for the customer engagement market; and smart self service enable organizations to address consumers' needs; and journey orchestration solutions that empower organizations to connect and route customers to deal with the customer's request, and connects them using real time AI-based routing.

Featured Stories