Nice (NASDAQ:NICE) Upgraded by Wall Street Zen to "Buy" Rating

Key Points

• Nice has been upgraded by Wall Street Zen from a "hold" to a "buy" rating, indicating increased confidence from analysts in the company's stock performance.
• Analysts have set a consensus target price of $205.25 for Nice, with eight analysts rating it as a "buy" and five as a "hold."
• In its latest quarterly earnings report, Nice reported earnings of $3.01 per share, exceeding expectations and showing a revenue increase of 9.4% year-over-year.

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

Other equities research analysts also recently issued research reports about the company. Royal Bank Of Canada restated an "outperform" rating and set a $200.00 price objective on shares of Nice in a report on Wednesday, June 18th. JMP Securities reaffirmed a "market outperform" rating and set a $300.00 target price on shares of Nice in a research report on Tuesday, July 29th. Morgan Stanley cut their target price on Nice from $202.00 to $193.00 and set an "overweight" rating on the stock in a research report on Friday, August 15th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $161.00 target price on shares of Nice in a research report on Wednesday, June 18th. Finally, Citigroup cut their target price on Nice from $214.00 to $211.00 and set a "buy" rating on the stock in a research report on Monday, May 19th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Nice currently has a consensus rating of "Moderate Buy" and a consensus target price of $205.25.

Nice Stock Performance

Shares of NASDAQ:NICE opened at $142.50 on Friday. The company's fifty day moving average is $156.88 and its 200-day moving average is $157.95. The company has a market capitalization of $9.01 billion, a PE ratio of 17.03, a P/E/G ratio of 1.21 and a beta of 0.98. Nice has a 52 week low of $127.00 and a 52 week high of $200.65.

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 the consensus estimate of $2.99 by $0.02. The firm had revenue of $726.71 million during the quarter, compared to analysts' expectations of $713.18 million. Nice had a return on equity of 17.43% and a net margin of 18.92%.The company's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous 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. On average, analysts forecast 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 made changes to their positions in NICE. Park Square Financial Group LLC bought a new stake in shares of Nice during the 4th quarter valued at $25,000. McIlrath & Eck LLC raised its stake in shares of Nice by 56.9% during the 4th quarter. McIlrath & Eck LLC now owns 160 shares of the technology company's stock valued at $27,000 after purchasing an additional 58 shares during the period. Richardson Financial Services Inc. increased its stake in Nice by 99.0% in 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 last quarter. NBC Securities Inc. bought a new position in Nice in the 1st quarter worth about $34,000. Finally, Cheviot Value Management LLC bought a new position in Nice in the 1st quarter worth about $36,000. 63.34% of the stock is currently owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.