NiCE (NASDAQ:NICE) Stock Price Target Cut by Royal Bank Of Canada

Key Points

• Royal Bank of Canada lowered its NiCE price target from $145 to $130 but maintained an “outperform” rating, implying 34.6% upside from the prior close.
• NiCE’s latest quarter beat estimates: revenue rose 8% year over year to $790.7 million and EPS was $2.84 versus the $2.78 consensus, though EPS was below the year-ago level.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average target of $129.79; shares fell 3% Thursday to $96.56.

NiCE (NASDAQ:NICE - Get Free Report) had its target price lowered by Royal Bank Of Canada from $145.00 to $130.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has an "outperform" rating on the technology company's stock. Royal Bank Of Canada's price objective suggests a potential upside of 34.63% from the stock's previous close.

A number of other brokerages have also commented on NICE. Citizens Jmp cut their price objective on shares of NiCE from $170.00 to $158.00 and set a "market outperform" rating for the company in a research report on Thursday. Citigroup reissued a "market outperform" rating on shares of NiCE in a research report on Thursday. Weiss Ratings upgraded NiCE from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, October 2nd. Oppenheimer raised NiCE from a "market perform" rating to an "outperform" rating and set a $150.00 price target for the company in a report on Wednesday, September 30th. Finally, DA Davidson raised their price objective on NiCE from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $129.79.

NiCE Trading Down 3.0%

NASDAQ:NICE traded down $3.03 on Thursday, hitting $96.56. 603,110 shares of the stock were exchanged, compared to its average volume of 687,966. The stock has a market cap of $5.64 billion, a PE ratio of 14.10, a PEG ratio of 1.16 and a beta of 0.77. The stock has a fifty day moving average of $111.00 and a 200-day moving average of $104.96. NiCE has a fifty-two week low of $83.10 and a fifty-two week high of $136.52.

NiCE (NASDAQ:NICE - Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The technology company reported $2.84 earnings per share for the quarter, beating analysts' consensus estimates of $2.78 by $0.06. The firm had revenue of $790.70 million during the quarter, compared to analyst estimates of $785.75 million. NiCE had a return on equity of 15.46% and a net margin of 13.86%. NiCE's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.18 EPS. As a group, analysts predict that NiCE will post 8.60 earnings per share for the current year.

Insider Activity at NiCE

In other news, VP Udi Dayan sold 500 shares of NiCE stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $100.00, for a total transaction of $50,000.00. Following the sale, the vice president directly owned 500 shares in the company, valued at approximately $50,000. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.02% of the company's stock.

Institutional Investors Weigh In On NiCE

Institutional investors have recently added to or reduced their stakes in the stock. Guardian Wealth Management Inc. boosted its position in NiCE by 0.4% in the 3rd quarter. Guardian Wealth Management Inc. now owns 24,161 shares of the technology company's stock valued at $2,688,000 after buying an additional 107 shares during the last quarter. Parallel Advisors LLC raised its position in shares of NiCE by 7.6% during the third quarter. Parallel Advisors LLC now owns 1,527 shares of the technology company's stock worth $170,000 after acquiring an additional 108 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of NiCE by 4.5% during the third quarter. Park Avenue Securities LLC now owns 2,878 shares of the technology company's stock worth $320,000 after acquiring an additional 123 shares during the last quarter. Allworth Financial LP raised its position in shares of NiCE by 24.6% during the second quarter. Allworth Financial LP now owns 871 shares of the technology company's stock worth $79,000 after acquiring an additional 172 shares during the last quarter. Finally, Frank Rimerman Advisors LLC lifted its stake in shares of NiCE by 7.8% during the first quarter. Frank Rimerman Advisors LLC now owns 2,603 shares of the technology company's stock valued at $287,000 after acquiring an additional 189 shares during the period. 63.34% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about NiCE

Here are the key news stories impacting NiCE this week:

• Positive Sentiment: Q3 revenue rose 8% year over year to $790.7 million, including 10.6% growth in cloud revenue, and EPS of $2.84 exceeded the $2.78 consensus estimate. NiCE said results exceeded its guidance ranges. NiCE Q3 results
• Positive Sentiment: NiCE is pushing to expand AI-powered customer service in EMEA beyond enterprise pilot programs, which could support future adoption and growth. NiCE EMEA AI customer-service push
• Neutral Sentiment: Citizens JMP lowered its price target to $158 from $170 but kept a “market outperform” rating, implying substantial upside from the cited share price. The reduced target is a more cautious estimate, despite the continued positive rating. Citizens JMP recommendation
• Negative Sentiment: NiCE plans to cut about 500 jobs, roughly 5% of its workforce. The CEO tied the reductions, including in R&D, to AI-driven productivity gains; the move may improve efficiency but also raises questions about restructuring and investment priorities. CEO discusses job cuts and AI productivity
• Negative Sentiment: Despite beating quarterly estimates, earnings were below the year-ago level, and a report said non-GAAP earnings declined. That year-over-year weakness may temper the positive headline from the revenue and estimate beats. NiCE Q3 non-GAAP earnings report
• Negative Sentiment: The sale process for Actimize remains ongoing, with no update on the reported potential $2 billion Brookfield transaction. The lack of clarity leaves uncertainty around the timing and outcome. Actimize sale process update

About NiCE

NICE Ltd. NASDAQ: NICE is a technology company that provides cloud-based software and artificial intelligence solutions for customer experience, employee engagement, and business operations. Its platforms help organizations manage customer interactions across voice, digital, and other communication channels while using analytics and automation to improve service and operational performance.

The company's portfolio includes NICE CXone, a cloud customer experience platform that supports contact-center operations, workforce management, analytics, and digital engagement.

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