NiCE (NASDAQ:NICE) Stock Moved Up to "Outperform" by Oppenheimer

Key Points

• Oppenheimer upgraded NiCE to “outperform” from “market perform” and set a $150 price target, implying 40.44% upside from the prior close.
• Analyst sentiment remains mixed: eight analysts rate the stock a Buy, six rate it Hold and one rates it Sell, producing an average rating of “Hold” and an average target of $132.23.
• NiCE recently exceeded quarterly expectations, reporting $2.70 in EPS versus a $2.63 estimate and $782.29 million in revenue, up 7.7% year over year; shares opened at $106.81 and later traded down 2.1%.

NiCE (NASDAQ:NICE - Get Free Report) was upgraded by equities research analysts at Oppenheimer from a "market perform" rating to an "outperform" rating in a report released on Wednesday, MarketBeat.com reports. The firm presently has a $150.00 price objective on the technology company's stock. Oppenheimer's price objective would indicate a potential upside of 40.44% from the company's previous close.

Several other equities analysts also recently commented on the company. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $104.00 price objective on shares of NiCE in a research report on Wednesday, June 10th. Weiss Ratings reissued a "sell (d+)" rating on shares of NiCE in a research note on Monday, September 21st. DA Davidson raised their price target on shares of NiCE from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Citigroup reiterated a "neutral" rating on shares of NiCE in a report on Thursday, August 6th. Finally, Royal Bank Of Canada boosted their price objective on shares of NiCE from $130.00 to $145.00 and gave the company an "outperform" rating in a research report on Thursday, September 24th. Eight analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $132.23.

NiCE Trading Down 2.1%

Shares of NASDAQ:NICE opened at $106.81 on Wednesday. NiCE has a 12 month low of $83.10 and a 12 month high of $149.29. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 1.18 and a beta of 0.75. The firm's 50-day moving average is $102.99 and its 200 day moving average is $100.71.

NiCE (NASDAQ:NICE - Get Free Report) last announced its earnings results on Wednesday, August 5th. The technology company reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.07. NiCE had a return on equity of 15.46% and a net margin of 13.86%.The business had revenue of $782.29 million during the quarter, compared to analyst estimates of $766.27 million. During the same quarter in the previous year, the business earned $3.01 earnings per share. The company's revenue for the quarter was up 7.7% compared to the same quarter last year. NiCE has set its FY 2026 guidance at 11.060-11.260 EPS and its Q3 2026 guidance at 2.730-2.830 EPS. As a group, equities analysts forecast that NiCE will post 8.66 EPS for the current fiscal year.

Insider Buying and Selling at NiCE

In related news, VP Udi Dayan sold 500 shares of the company's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $100.00, for a total value of $50,000.00. Following the completion of the sale, the vice president directly owned 500 shares of the company's stock, valued at $50,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.02% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its holdings in shares of NiCE by 1,637.6% in the 1st quarter. Principal Financial Group Inc. now owns 4,578,940 shares of the technology company's stock valued at $504,874,000 after acquiring an additional 4,315,414 shares during the period. Brandes Investment Partners LP bought a new stake in NiCE during the fourth quarter valued at about $79,944,000. Kopernik Global Investors LLC purchased a new position in NiCE in the first quarter valued at about $27,670,000. Artisan Partners Limited Partnership raised its holdings in NiCE by 22.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,256,752 shares of the technology company's stock worth $142,063,000 after purchasing an additional 227,631 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of NiCE by 16.8% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,028,172 shares of the technology company's stock valued at $113,366,000 after buying an additional 148,113 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company's stock.

NiCE Company Profile

NICE Ltd. NASDAQ: NICE is a technology company that develops cloud-based software and artificial intelligence solutions for customer experience, contact centers and enterprise operations. Its platforms help organizations manage customer interactions across voice, digital and other channels, while providing analytics, workflow automation and workforce engagement tools.

The company's portfolio includes NICE CXone, a cloud platform for contact center operations, and Enlighten, an artificial intelligence framework designed for customer and employee interactions.

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