Brokerages Set Nice (NASDAQ:NICE) Target Price at $208.92

Nice (NASDAQ:NICEGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $209.75.

NICE has been the subject of a number of research analyst reports. DA Davidson lifted their target price on Nice from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday. Rosenblatt Securities reiterated a “buy” rating and issued a $190.00 price target on shares of Nice in a report on Wednesday. Royal Bank Of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of Nice in a report on Wednesday. Barclays cut their price target on Nice from $286.00 to $226.00 and set an “overweight” rating on the stock in a report on Friday, February 21st. Finally, Piper Sandler reiterated a “neutral” rating and issued a $182.00 price target (up from $153.00) on shares of Nice in a report on Friday, June 13th.

Check Out Our Latest Analysis on Nice

Hedge Funds Weigh In On Nice

A number of large investors have recently bought and sold shares of NICE. Tradewinds Capital Management LLC purchased a new stake in Nice during the 4th quarter worth approximately $25,000. Anchor Investment Management LLC increased its stake in Nice by 200.0% during the 4th quarter. Anchor Investment Management LLC now owns 150 shares of the technology company’s stock worth $25,000 after buying an additional 100 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in Nice during the 4th quarter worth approximately $25,000. McIlrath & Eck LLC increased its stake in Nice by 56.9% during the 4th quarter. McIlrath & Eck LLC now owns 160 shares of the technology company’s stock worth $27,000 after buying an additional 58 shares in the last quarter. Finally, NBC Securities Inc. purchased a new stake in Nice during the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 63.34% of the company’s stock.

Nice Stock Performance

NICE stock opened at $162.61 on Wednesday. Nice has a fifty-two week low of $137.19 and a fifty-two week high of $200.65. The business’s 50-day moving average is $162.36 and its two-hundred day moving average is $163.19. The company has a market cap of $10.29 billion, a price-to-earnings ratio of 22.68, a P/E/G ratio of 1.50 and a beta of 1.01.

Nice (NASDAQ:NICEGet Free Report) last released its earnings results on Thursday, May 15th. The technology company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.03. Nice had a return on equity of 16.37% and a net margin of 16.77%. The firm had revenue of $700.19 million during the quarter, compared to analysts’ expectations of $699.46 million. During the same quarter last year, the business posted $2.58 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. Equities analysts predict that Nice will post 9.85 earnings per share for the current year.

Nice Company Profile

(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.

Recommended Stories

Analyst Recommendations for Nice (NASDAQ:NICE)

Receive News & Ratings for Nice Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nice and related companies with MarketBeat.com's FREE daily email newsletter.