Nice (NASDAQ:NICE) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts have given Nice (NASDAQ:NICE) an average rating of "Moderate Buy", with 6 firms suggesting a hold and 8 recommending a buy.
• The stock price target among brokerages is set at an average of $201.25, with recent targets ranging from $150.00 to $193.00 depending on different analysts' assessments.
• For the most recent quarter, Nice reported $3.01 EPS exceeding expectations, with a revenue of $726.71 million, up by 9.4% year-over-year.

Shares of Nice (NASDAQ:NICE - Get Free Report) have received an average rating of "Moderate Buy" from the fourteen ratings firms that are presently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $201.25.

Several equities research analysts recently issued reports on the company. Jefferies Financial Group reiterated a "hold" rating and issued a $152.00 price objective on shares of Nice in a report on Sunday, October 12th. Morgan Stanley cut their price target on Nice from $202.00 to $193.00 and set an "overweight" rating for the company in a report on Friday, August 15th. Wall Street Zen cut Nice from a "buy" rating to a "hold" rating in a report on Saturday. DA Davidson cut their price target on Nice from $195.00 to $150.00 and set a "neutral" rating for the company in a report on Thursday, August 14th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Nice in a report on Wednesday, October 8th.

Nice Trading Up 1.8%

NICE stock opened at $132.21 on Tuesday. Nice has a 12-month low of $126.66 and a 12-month high of $200.65. The stock has a market cap of $8.36 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 1.12 and a beta of 0.96. The business's 50-day moving average is $140.26 and its 200 day moving average is $153.46.

Nice (NASDAQ:NICE - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The technology company reported $3.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.02. Nice had a return on equity of 17.43% and a net margin of 18.92%.The company had revenue of $726.71 million for the quarter, compared to analysts' expectations of $713.18 million. During the same period in the previous year, the firm posted $2.64 EPS. Nice's revenue was up 9.4% compared to the same quarter last year. 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 forecast that Nice will post 9.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Nice

Several hedge funds and other institutional investors have recently made changes to their positions in NICE. Chemistry Wealth Management LLC purchased a new stake in shares of Nice during the 3rd quarter valued at approximately $532,000. Merit Financial Group LLC raised its position in shares of Nice by 16.3% during the 3rd quarter. Merit Financial Group LLC now owns 1,923 shares of the technology company's stock valued at $278,000 after buying an additional 269 shares during the period. Diversified Trust Co purchased a new stake in shares of Nice during the 3rd quarter valued at approximately $834,000. Highland Capital Management LLC raised its position in shares of Nice by 27.9% during the 3rd quarter. Highland Capital Management LLC now owns 3,900 shares of the technology company's stock valued at $565,000 after buying an additional 850 shares during the period. Finally, Inspire Investing LLC raised its position in shares of Nice by 15.9% during the 3rd quarter. Inspire Investing LLC now owns 1,485 shares of the technology company's stock valued at $215,000 after buying an additional 204 shares during the period. Institutional investors and hedge funds 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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