NiCE (NASDAQ:NICE) Price Target Lowered to $175.00 at Royal Bank Of Canada

NiCE (NASDAQ:NICE) had its price objective reduced by Royal Bank Of Canada from $190.00 to $175.00 in a research note published on Tuesday morning,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

A number of other equities research analysts also recently commented on NICE. JMP Securities set a $200.00 target price on NiCE in a report on Friday. Morgan Stanley set a $193.00 price target on shares of NiCE in a research report on Tuesday, October 21st. Cantor Fitzgerald decreased their price objective on shares of NiCE from $154.00 to $133.00 and set a “neutral” rating for the company in a research note on Tuesday. Citigroup increased their price objective on shares of NiCE from $209.00 to $211.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Finally, Wall Street Zen raised shares of 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 given 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 target price of $175.23.

NiCE Price Performance

NASDAQ NICE opened at $105.65 on Tuesday. The company has a market cap of $6.68 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 1.16 and a beta of 0.98. The stock’s fifty day moving average price is $136.18 and its 200 day moving average price is $150.26. NiCE has a 1 year low of $104.42 and a 1 year high of $193.52.

NiCE (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, November 13th. The technology company reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $3.17 by $0.01. The company had revenue of $732.00 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.88 EPS. NiCE has set its FY 2025 guidance at 12.180-12.320 EPS. Research analysts expect that NiCE will post 9.85 earnings per share for the current year.

Institutional Investors Weigh In On NiCE

Several institutional investors and hedge funds have recently added to or reduced their stakes in NICE. Richardson Financial Services Inc. raised its position in 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 acquiring an additional 99 shares during the period. Cheviot Value Management LLC purchased a new stake in shares of NiCE during the first quarter worth about $36,000. Tower Research Capital LLC TRC purchased a new stake in shares of NiCE during the second quarter worth about $40,000. Atlantic Union Bankshares Corp acquired a new position in shares of NiCE during the 2nd quarter worth about $60,000. Finally, Legal & General Group Plc purchased a new position in NiCE in the 2nd quarter valued at about $65,000. Hedge funds and other 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 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.