Rosenblatt Securities Reiterates “Buy” Rating for NiCE (NASDAQ:NICE)

NiCE (NASDAQ:NICE)‘s stock had its “buy” rating reaffirmed by stock analysts at Rosenblatt Securities in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $155.00 price target on the technology company’s stock. Rosenblatt Securities’ price target would indicate a potential upside of 74.90% from the stock’s current price.

A number of other research firms have also recently commented on NICE. Citizens Jmp reduced their price objective on shares of NiCE from $200.00 to $170.00 and set a “market outperform” rating for the company in a research report on Thursday, May 7th. Citigroup cut their target price on shares of NiCE from $119.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Jefferies Financial Group reaffirmed a “hold” rating on shares of NiCE in a report on Thursday, February 19th. Morgan Stanley lowered their price target on shares of NiCE from $148.00 to $130.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. Finally, Zacks Research upgraded shares of NiCE from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. Six investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $136.92.

NiCE Trading Down 3.0%

NASDAQ:NICE opened at $88.62 on Wednesday. The stock has a market capitalization of $5.36 billion, a PE ratio of 10.51, a P/E/G ratio of 0.95 and a beta of 0.78. NiCE has a 1-year low of $84.38 and a 1-year high of $180.61. The firm has a fifty day simple moving average of $99.50 and a 200 day simple moving average of $107.69.

NiCE (NASDAQ:NICE) last announced its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.64 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.12. The firm had revenue of $768.62 million during the quarter, compared to analysts’ expectations of $760.94 million. NiCE had a net margin of 17.57% and a return on equity of 17.42%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.87 earnings per share. NiCE has set its FY 2026 guidance at 10.980-11.180 EPS and its Q2 2026 guidance at 2.600-2.700 EPS. On average, equities analysts predict that NiCE will post 9.08 earnings per share for the current fiscal year.

NiCE announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 19th that authorizes the company to repurchase $600.00 million in shares. This repurchase authorization authorizes the technology company to purchase up to 9.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On NiCE

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NICE. Migdal Insurance & Financial Holdings Ltd. grew its stake in NiCE by 0.9% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,646,690 shares of the technology company’s stock worth $186,142,000 after buying an additional 15,000 shares in the last quarter. Madison Asset Management LLC bought a new stake in shares of NiCE during the 3rd quarter worth approximately $1,381,000. Oppenheimer Asset Management Inc. boosted its position in shares of NiCE by 127.0% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 25,796 shares of the technology company’s stock worth $2,916,000 after acquiring an additional 14,430 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its position in shares of NiCE by 25.0% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 120,457 shares of the technology company’s stock worth $17,440,000 after acquiring an additional 24,070 shares in the last quarter. Finally, US Bancorp DE increased its stake in NiCE by 35.3% in the third quarter. US Bancorp DE now owns 36,514 shares of the technology company’s stock valued at $5,286,000 after acquiring an additional 9,519 shares during the last quarter. 63.34% of the stock is owned by institutional investors and hedge funds.

NiCE Company Profile

NiCE Ltd is a global software provider specializing in solutions for customer engagement, financial crime prevention, public safety, workforce optimization and border security. Its product offerings include cloud-native and on-premises platforms that leverage advanced analytics, artificial intelligence and automation to help organizations enhance customer experiences, streamline operations and ensure regulatory compliance. NiCE’s portfolio addresses the needs of contact centers, financial institutions, government agencies and enterprises across a broad range of industries.

In customer engagement, NiCE delivers tools for omnichannel interaction management, real-time and historical analytics, workforce management, and quality management.