Nice (NASDAQ:NICE) Rating Increased to Buy at Wall Street Zen

Nice (NASDAQ:NICE) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

A number of other brokerages also recently weighed in on NICE. Rosenblatt Securities reiterated a “buy” rating and issued a $190.00 price target on shares of Nice in a report on Friday, August 15th. JMP Securities reiterated a “market outperform” rating and set a $300.00 target price on shares of Nice in a research note on Tuesday, August 26th. Jefferies Financial Group restated a “hold” rating and issued a $152.00 price target on shares of Nice in a research report on Sunday, October 12th. DA Davidson decreased their price target on shares of Nice from $195.00 to $150.00 and set a “neutral” rating for the company in a report on Thursday, August 14th. Finally, Weiss Ratings lowered shares of Nice from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. Eight equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $201.25.

Nice Stock Performance

NICE opened at $123.99 on Friday. The company has a market capitalization of $7.84 billion, a P/E ratio of 14.81, a PEG ratio of 1.16 and a beta of 0.98. The company has a 50-day moving average of $138.39 and a 200-day moving average of $151.79. Nice has a 1-year low of $122.94 and a 1-year high of $200.65.

Nice (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, August 14th. The technology company reported $3.01 EPS for the quarter, topping the consensus estimate of $2.99 by $0.02. The business had revenue of $726.71 million for the quarter, compared to analysts’ expectations of $713.18 million. Nice had a net margin of 18.92% and a return on equity of 17.43%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.64 earnings per share. Nice has set its FY 2025 guidance at 12.330-12.530 EPS. Q3 2025 guidance at 3.120-3.220 EPS. As a group, sell-side analysts expect that Nice will post 9.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nice

A number of hedge funds have recently made changes to their positions in NICE. Richardson Financial Services Inc. boosted its position in shares of Nice by 99.0% during the second quarter. Richardson Financial Services Inc. now owns 199 shares of the technology company’s stock worth $33,000 after buying an additional 99 shares during the period. Cheviot Value Management LLC bought a new stake in Nice during the 1st quarter valued at $36,000. Tower Research Capital LLC TRC acquired a new position in Nice during the 2nd quarter worth $40,000. Atlantic Union Bankshares Corp bought a new position in shares of Nice in the second quarter worth $60,000. Finally, Legal & General Group Plc acquired a new position in shares of Nice during the second quarter valued at $65,000. Institutional investors own 63.34% of the company’s stock.

About Nice

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.