Nice (NASDAQ:NICE) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Nice (NASDAQ:NICE) has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, reflecting a more cautious outlook from analysts.
• Despite the downgrade, Nice maintains a consensus rating of "Moderate Buy" with an average price target of $205.25 from multiple analysts.
• The company's recent quarterly earnings surpassed estimates, reporting $3.01 EPS and revenue of $726.71 million, indicating a year-over-year revenue increase of 9.4%.

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

NICE has been the topic of a number of other reports. Wedbush reiterated an "outperform" rating and issued a $200.00 price target on shares of Nice in a report on Friday, June 20th. DA Davidson cut their price target on Nice from $195.00 to $150.00 and set a "neutral" rating on the stock in a report on Thursday, August 14th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $200.00 price target on shares of Nice in a report on Wednesday, June 18th. JMP Securities reiterated a "market outperform" rating and issued a $300.00 price target on shares of Nice in a report on Tuesday, August 26th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $161.00 price target on shares of Nice in a report on Wednesday, June 18th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Nice presently has a consensus rating of "Moderate Buy" and an average price target of $205.25.

Nice Stock Up 1.3%

NICE opened at $140.41 on Friday. The stock's fifty day moving average is $151.82 and its two-hundred day moving average is $155.58. The company has a market capitalization of $8.88 billion, a P/E ratio of 16.78, a PEG ratio of 1.20 and a beta of 0.95. Nice has a 52 week low of $127.00 and a 52 week high of $200.65.

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

Institutional Trading of Nice

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NICE. Park Square Financial Group LLC acquired a new stake in Nice during the 4th quarter worth about $25,000. McIlrath & Eck LLC lifted its position in Nice by 56.9% during the 4th quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock worth $27,000 after acquiring an additional 58 shares during the period. Richardson Financial Services Inc. lifted its position in Nice by 99.0% during the 2nd quarter. Richardson Financial Services Inc. now owns 199 shares of the technology company's stock worth $33,000 after acquiring an additional 99 shares during the period. NBC Securities Inc. acquired a new stake in Nice during the 1st quarter worth about $34,000. Finally, Cheviot Value Management LLC acquired a new stake in Nice during the 1st quarter worth about $36,000. Institutional investors and hedge funds own 63.34% of the company's stock.

Nice Company Profile

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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