Analysts Set NICE Ltd. (NASDAQ:NICE) PT at $253.93

NICE Ltd. (NASDAQ:NICE) has been assigned an average rating of “Moderate Buy” from the sixteen brokerages that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $253.93.

NICE has been the subject of several analyst reports. StockNews.com raised shares of NICE from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 21st. Royal Bank of Canada restated an “outperform” rating and set a $260.00 price objective on shares of NICE in a report on Friday, November 15th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $200.00 price objective (down previously from $215.00) on shares of NICE in a research report on Thursday, December 19th. Citigroup lifted their target price on NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Piper Sandler restated a “neutral” rating on shares of NICE in a report on Thursday, November 14th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Creative Financial Designs Inc. ADV raised its holdings in NICE by 208.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in shares of NICE in the 3rd quarter worth approximately $38,000. Richardson Financial Services Inc. raised its stake in shares of NICE by 43.8% during the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock worth $38,000 after acquiring an additional 67 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in NICE during the third quarter valued at approximately $41,000. Finally, GAMMA Investing LLC boosted its stake in NICE by 89.9% in the third quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock valued at $43,000 after acquiring an additional 116 shares in the last quarter. 63.34% of the stock is owned by institutional investors.

NICE Trading Up 0.5 %

Shares of NICE opened at $161.88 on Friday. The company’s fifty day simple moving average is $175.05 and its 200-day simple moving average is $174.00. The company has a market cap of $10.18 billion, a P/E ratio of 25.06, a P/E/G ratio of 1.15 and a beta of 1.06. NICE has a twelve month low of $151.52 and a twelve month high of $270.73.

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.