NiCE (NASDAQ:NICE) Price Target Cut to $160.00 by Analysts at Morgan Stanley

NiCE (NASDAQ:NICE) had its price target cut by Morgan Stanley from $193.00 to $160.00 in a research note released on Tuesday,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

Several other analysts also recently weighed in on NICE. Royal Bank Of Canada decreased their price target on shares of NiCE from $190.00 to $175.00 and set an “outperform” rating for the company in a research note on Tuesday. Mizuho lowered their target price on NiCE from $185.00 to $150.00 and set an “outperform” rating for the company in a report on Tuesday. Rosenblatt Securities dropped their price objective on shares of NiCE from $190.00 to $175.00 and set a “buy” rating on the stock in a report on Tuesday. Citizens Jmp lowered their price target on NiCE from $300.00 to $200.00 and set a “market outperform” rating for the company in a research report on Friday, November 14th. Finally, Wall Street Zen raised NiCE from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.23.

NiCE Stock Down 12.6%

Shares of NASDAQ:NICE opened at $105.65 on Tuesday. The firm has a fifty day simple moving average of $136.18 and a two-hundred day simple moving average of $150.26. The stock has a market capitalization of $6.68 billion, a P/E ratio of 12.62, a PEG ratio of 1.16 and a beta of 0.98. NiCE has a 52 week low of $104.42 and a 52 week high of $193.52.

NiCE (NASDAQ:NICE) last released its quarterly earnings results on Thursday, November 13th. The technology company reported $3.18 EPS for the quarter, topping the consensus estimate of $3.17 by $0.01. The company had revenue of $732.00 million during the quarter, compared to analyst estimates of $728.07 million. NiCE had a return on equity of 17.43% and a net margin of 18.92%.The firm’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted $2.88 earnings per share. NiCE has set its FY 2025 guidance at 12.180-12.320 EPS. On average, analysts expect that NiCE will post 9.85 earnings per share for the current year.

Institutional Trading of NiCE

Hedge funds have recently added to or reduced their stakes in the company. Seelaus Asset Management LLC increased its stake in NiCE by 4.6% during the third quarter. Seelaus Asset Management LLC now owns 1,691 shares of the technology company’s stock worth $245,000 after purchasing an additional 75 shares during the period. Inspire Advisors LLC grew its holdings in shares of NiCE by 2.5% in the third quarter. Inspire Advisors LLC now owns 3,302 shares of the technology company’s stock valued at $478,000 after purchasing an additional 79 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in NiCE by 6.7% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 1,492 shares of the technology company’s stock worth $252,000 after buying an additional 94 shares during the period. Richardson Financial Services Inc. increased its stake in NiCE by 99.0% during the 2nd 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. Finally, Investors Research Corp lifted its holdings in NiCE by 4.2% during the 2nd quarter. Investors Research Corp now owns 2,486 shares of the technology company’s stock worth $420,000 after buying an additional 100 shares in the last quarter. 63.34% of the stock is owned by hedge funds and other institutional investors.

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 enables 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.