Nice (NASDAQ:NICE) Stock Price Expected to Rise, DA Davidson Analyst Says

Nice (NASDAQ:NICE) had its price objective increased by investment analysts at DA Davidson from $185.00 to $195.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. DA Davidson’s target price points to a potential upside of 19.92% from the stock’s current price.

A number of other research firms also recently issued reports on NICE. Cantor Fitzgerald reiterated a “neutral” rating and issued a $161.00 target price on shares of Nice in a research report on Wednesday. Wedbush reiterated an “outperform” rating and issued a $200.00 target price on shares of Nice in a research report on Friday. Royal Bank Of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Nice in a research report on Wednesday. Piper Sandler reiterated a “neutral” rating and issued a $182.00 target price (up previously from $153.00) on shares of Nice in a research report on Friday, June 13th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $190.00 target price on shares of Nice in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Nice presently has a consensus rating of “Moderate Buy” and an average target price of $209.75.

Nice Price Performance

NASDAQ:NICE opened at $162.61 on Friday. The firm has a 50-day moving average of $162.36 and a two-hundred day moving average of $162.99. Nice has a 1-year low of $137.19 and a 1-year high of $200.65. The stock has a market cap of $10.29 billion, a P/E ratio of 22.68, a PEG ratio of 1.48 and a beta of 1.01.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. McIlrath & Eck LLC raised its holdings in Nice by 56.9% in the 4th quarter. McIlrath & Eck LLC now owns 160 shares of the technology company’s stock worth $27,000 after acquiring an additional 58 shares during the period. Dorsey & Whitney Trust CO LLC raised its holdings in Nice by 5.7% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,428 shares of the technology company’s stock worth $243,000 after acquiring an additional 77 shares during the period. Rothschild Investment LLC grew its position in Nice by 18.5% in the 4th quarter. Rothschild Investment LLC now owns 512 shares of the technology company’s stock worth $87,000 after purchasing an additional 80 shares during the last quarter. Legacy Wealth Asset Management LLC grew its position in Nice by 3.3% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 2,627 shares of the technology company’s stock worth $405,000 after purchasing an additional 83 shares during the last quarter. Finally, Aurora Investment Counsel grew its position in Nice by 0.8% in the 1st quarter. Aurora Investment Counsel now owns 12,056 shares of the technology company’s stock worth $1,859,000 after purchasing an additional 96 shares during the last quarter. Institutional investors own 63.34% of the company’s stock.

Nice Company Profile

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.