DA Davidson Begins Coverage on Nice (NASDAQ:NICE)

Key Points

• DA Davidson has reiterated a "neutral" rating for Nice (NASDAQ:NICE), setting a price target of $195.00, indicating a potential upside of 14.46% from the current stock price.
• In recent reports, Nice received mixed ratings, with Rosenblatt Securities issuing a "buy" rating at a target of $190.00, while Wall Street Zen downgraded it from "buy" to "hold."
• For the last quarter, Nice reported an earnings per share (EPS) of $2.87, slightly surpassing analysts' estimates and showing a revenue increase of 6.2% compared to the same quarter last year.

DA Davidson started coverage on shares of Nice (NASDAQ:NICE - Free Report) in a report published on Monday, Marketbeat.com reports. The brokerage issued a neutral rating and a $195.00 price objective on the technology company's stock. DA Davidson also issued estimates for Nice's Q2 2025 earnings at $2.44 EPS, FY2025 earnings at $10.02 EPS and FY2026 earnings at $10.70 EPS.

NICE has been the topic of several other research reports. JMP Securities reaffirmed a "market outperform" rating and set a $300.00 price objective on shares of Nice in a research report on Wednesday, June 18th. Royal Bank Of Canada reissued an "outperform" rating and issued a $200.00 price target on shares of Nice in a research report on Wednesday, June 18th. Wedbush reissued an "outperform" rating and issued a $200.00 price target on shares of Nice in a research report on Friday, June 20th. Wall Street Zen lowered shares of Nice from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Piper Sandler reissued a "neutral" rating and issued a $182.00 price target (up previously from $153.00) on shares of Nice in a research report on Friday, June 13th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $209.75.

Nice Price Performance

NICE traded down $2.53 during midday trading on Monday, hitting $153.52. 189,358 shares of the company's stock traded hands, compared to its average volume of 529,233. The company has a market cap of $9.71 billion, a PE ratio of 21.33, a price-to-earnings-growth ratio of 1.46 and a beta of 1.00. The stock's fifty day simple moving average is $165.12 and its 200-day simple moving average is $160.33. Nice has a one year low of $137.19 and a one year high of $200.65.

Nice (NASDAQ:NICE - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The technology company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.03. The firm had revenue of $700.19 million for the quarter, compared to analyst estimates of $699.46 million. Nice had a net margin of 16.77% and a return on equity of 16.37%. The company's revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.58 earnings per share. On average, research analysts expect that Nice will post 9.85 EPS for the current year.

Hedge Funds Weigh In On Nice

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cerity Partners LLC increased its position in Nice by 56.0% during the first quarter. Cerity Partners LLC now owns 9,986 shares of the technology company's stock worth $1,540,000 after acquiring an additional 3,584 shares during the period. Brown Advisory Inc. acquired a new position in shares of Nice in the 1st quarter valued at $513,000. Heritage Family Offices LLP acquired a new position in shares of Nice in the 1st quarter valued at $584,000. ARK Investment Management LLC raised its stake in shares of Nice by 17.2% in the 1st quarter. ARK Investment Management LLC now owns 11,883 shares of the technology company's stock valued at $1,832,000 after buying an additional 1,746 shares in the last quarter. Finally, DAVENPORT & Co LLC acquired a new position in shares of Nice in the 1st quarter valued at $1,360,000. 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.