Nice (NASDAQ:NICE) Upgraded at Wall Street Zen

Key Points

• Nice has received an upgrade from a "hold" to a "buy" rating from Wall Street Zen, reflecting positive sentiment from analysts regarding the company's prospects.
• The stock currently has an average target price of $205.25, with eight analysts rating it as a buy and five as a hold.
• Nice reported quarterly earnings of $3.01 per share, surpassing expectations, and its revenue for the quarter was up 9.4% year-over-year.

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

Other equities research analysts have also issued research reports about the stock. Wedbush reaffirmed an "outperform" rating and set a $200.00 target price on shares of Nice in a research note on Friday, June 20th. Cantor Fitzgerald reissued a "neutral" rating and set a $161.00 price objective on shares of Nice in a research note on Wednesday, June 18th. JMP Securities reissued a "market outperform" rating and set a $300.00 price objective on shares of Nice in a research note on Tuesday, August 26th. Piper Sandler reissued a "neutral" rating and set a $182.00 price objective (up previously from $153.00) on shares of Nice in a research note on Friday, June 13th. Finally, Morgan Stanley dropped their price objective on shares of Nice from $202.00 to $193.00 and set an "overweight" rating on the stock in a research note on Friday, August 15th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Nice presently has an average rating of "Moderate Buy" and an average target price of $205.25.

Nice Trading Up 0.1%

NICE stock opened at $142.81 on Friday. The firm's 50-day moving average price is $149.20 and its two-hundred day moving average price is $154.98. Nice has a 12-month low of $127.00 and a 12-month high of $200.65. The stock has a market capitalization of $9.03 billion, a price-to-earnings ratio of 17.06, a PEG ratio of 1.23 and a beta of 0.95.

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

Institutional Trading of Nice

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Osaic Holdings Inc. increased its stake in shares of Nice by 65.5% in the second quarter. Osaic Holdings Inc. now owns 35,474 shares of the technology company's stock worth $5,778,000 after purchasing an additional 14,041 shares in the last quarter. State of Wyoming purchased a new stake in shares of Nice in the second quarter worth $975,000. Evergreen Capital Management LLC increased its stake in shares of Nice by 3.8% in the second quarter. Evergreen Capital Management LLC now owns 19,807 shares of the technology company's stock worth $3,346,000 after purchasing an additional 729 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Nice in the second quarter worth $40,000. Finally, CANADA LIFE ASSURANCE Co increased its stake in shares of Nice by 1.2% in the second quarter. CANADA LIFE ASSURANCE Co now owns 113,154 shares of the technology company's stock worth $19,106,000 after purchasing an additional 1,364 shares in the last quarter. 63.34% of the stock is owned by hedge funds and other institutional investors.

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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