Nice (NASDAQ:NICE) Downgraded to "Hold" Rating by Wall Street Zen

Key Points

• Nice (NASDAQ:NICE) has been downgraded from a "buy" rating to a "hold" rating by Wall Street Zen, reflecting a shift in analyst sentiment regarding the stock's performance.
• Other analysts have also reassessed NICE, with Jefferies reaffirming a "hold" rating and a target price of $152.00, while Morgan Stanley reduced its target price to $193.00 but maintains an "overweight" rating.
• Despite the downgrade, Nice's stock recently saw a slight increase of 1.2% and has shown a revenue growth of 9.4% year-over-year, with Q2 earnings reporting $3.01 per share, exceeding expectations.

Nice (NASDAQ:NICE - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

A number of other research firms also recently commented on NICE. Jefferies Financial Group reaffirmed a "hold" rating and issued a $152.00 target price on shares of Nice in a research report on Sunday, October 12th. Morgan Stanley cut their target price on shares of Nice from $202.00 to $193.00 and set an "overweight" rating for the company in a research report on Friday, August 15th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Nice in a research report on Wednesday, October 8th. DA Davidson cut their target price on shares of Nice from $195.00 to $150.00 and set a "neutral" rating for the company in a research report on Thursday, August 14th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $190.00 target price on shares of Nice in a research report on Friday, August 15th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $201.25.

Nice Stock Up 1.2%

Shares of NASDAQ NICE opened at $129.88 on Friday. Nice has a twelve month low of $126.66 and a twelve month high of $200.65. The firm has a market cap of $8.21 billion, a P/E ratio of 15.52, a PEG ratio of 1.11 and a beta of 0.96. The company has a 50 day moving average of $140.51 and a 200 day moving average of $153.53.

Nice (NASDAQ:NICE - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The technology company reported $3.01 earnings per share for the quarter, topping analysts' consensus estimates of $2.99 by $0.02. Nice had a net margin of 18.92% and a return on equity of 17.43%. The company had revenue of $726.71 million during the quarter, compared to analyst estimates of $713.18 million. During the same period in the previous year, the business earned $2.64 EPS. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. Nice has set its FY 2025 guidance at 12.330-12.530 EPS. Q3 2025 guidance at 3.120-3.220 EPS. As a group, equities analysts expect that Nice will post 9.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Deutsche Bank AG boosted its holdings in shares of Nice by 14.1% during the 1st quarter. Deutsche Bank AG now owns 691,627 shares of the technology company's stock valued at $106,628,000 after purchasing an additional 85,286 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Nice by 56.0% during the 1st quarter. Cerity Partners LLC now owns 9,986 shares of the technology company's stock valued at $1,540,000 after purchasing an additional 3,584 shares during the last quarter. Brown Advisory Inc. bought a new position in shares of Nice during the 1st quarter valued at about $513,000. Townsquare Capital LLC boosted its holdings in shares of Nice by 1,518.4% during the 1st quarter. Townsquare Capital LLC now owns 26,056 shares of the technology company's stock valued at $4,017,000 after purchasing an additional 24,446 shares during the last quarter. Finally, ARK Investment Management LLC boosted its holdings in shares of Nice by 17.2% during the 1st quarter. ARK Investment Management LLC now owns 11,883 shares of the technology company's stock valued at $1,832,000 after purchasing an additional 1,746 shares during the last quarter. 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 enable 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.

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