Citigroup Has Lowered Expectations for NiCE (NASDAQ:NICE) Stock Price

Key Points

• Citigroup cut its price target on NiCE from $119 to $100 while keeping a neutral rating, implying only about 7.8% upside from the prior close.
• NiCE shares fell 3.0% to $92.73 amid the downgrade, with the stock trading near its 52-week low of $90.70 and well below its 50-day and 200-day moving averages.
• The stock still has mixed analyst sentiment overall, with an average Hold rating and a consensus target price of $138.42, even after the company beat recent quarterly EPS and revenue estimates.

NiCE (NASDAQ:NICE - Get Free Report) had its price target lowered by Citigroup from $119.00 to $100.00 in a report released on Friday,Benzinga reports. The firm presently has a "neutral" rating on the technology company's stock. Citigroup's price objective would indicate a potential upside of 7.84% from the stock's previous close.

A number of other research firms have also commented on NICE. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of NiCE in a research note on Friday, March 27th. Zacks Research raised NiCE from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 24th. Royal Bank Of Canada cut their price objective on NiCE from $150.00 to $130.00 and set an "outperform" rating on the stock in a research note on Thursday. Wedbush reaffirmed a "neutral" rating and issued a $120.00 price objective on shares of NiCE in a research note on Friday, February 20th. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $124.00 price objective on shares of NiCE in a research note on Monday, February 23rd. Six research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $138.42.

NiCE Stock Down 3.0%

Shares of NICE stock traded down $2.91 during mid-day trading on Friday, reaching $92.73. 876,229 shares of the stock traded hands, compared to its average volume of 787,518. The stock's fifty day simple moving average is $111.28 and its two-hundred day simple moving average is $113.55. NiCE has a 1-year low of $90.70 and a 1-year high of $180.61. The company has a market cap of $5.60 billion, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 1.13 and a beta of 0.82.

NiCE (NASDAQ:NICE - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.64 EPS for the quarter, beating analysts' consensus estimates of $2.52 by $0.12. NiCE had a return on equity of 17.25% and a net margin of 17.57%.The firm had revenue of $768.62 million for the quarter, compared to analyst estimates of $760.94 million. During the same period last year, the firm posted $2.87 earnings per share. The business's revenue for the quarter was up 9.8% on a year-over-year basis. NiCE has set its FY 2026 guidance at 10.980-11.180 EPS and its Q2 2026 guidance at 2.600-2.700 EPS. On average, equities research analysts anticipate that NiCE will post 8.89 EPS for the current fiscal year.

NiCE declared that its board has approved a share buyback program on Thursday, February 19th that authorizes the company to repurchase $600.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 9.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Hedge Funds Weigh In On NiCE

Several institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its stake in NiCE by 48.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,059 shares of the technology company's stock valued at $558,000 after buying an additional 1,651 shares during the period. Parallel Advisors LLC lifted its stake in NiCE by 50.4% in the first quarter. Parallel Advisors LLC now owns 2,092 shares of the technology company's stock valued at $231,000 after buying an additional 701 shares during the period. Bank of New York Mellon Corp lifted its stake in NiCE by 50.9% in the first quarter. Bank of New York Mellon Corp now owns 9,715 shares of the technology company's stock valued at $1,071,000 after buying an additional 3,276 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its stake in NiCE by 16.8% in 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 period. Finally, Sanctuary Advisors LLC lifted its stake in NiCE by 142.9% in the first quarter. Sanctuary Advisors LLC now owns 7,131 shares of the technology company's stock valued at $786,000 after buying an additional 4,195 shares during the period. 63.34% of the stock is owned by institutional investors and hedge funds.

About NiCE

NiCE Ltd is a global software provider specializing in solutions for customer engagement, financial crime prevention, public safety, workforce optimization and border security. Its product offerings include cloud-native and on-premises platforms that leverage advanced analytics, artificial intelligence and automation to help organizations enhance customer experiences, streamline operations and ensure regulatory compliance. NiCE’s portfolio addresses the needs of contact centers, financial institutions, government agencies and enterprises across a broad range of industries.

In customer engagement, NiCE delivers tools for omnichannel interaction management, real-time and historical analytics, workforce management, and quality management.

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