Citizens Jmp Has Lowered Expectations for NiCE (NASDAQ:NICE) Stock Price

NiCE (NASDAQ:NICE) had its target price dropped by research analysts at Citizens Jmp from $300.00 to $200.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “market outperform” rating on the technology company’s stock. Citizens Jmp’s target price points to a potential upside of 48.13% from the company’s previous close.

A number of other research firms have also weighed in on NICE. Rosenblatt Securities restated a “buy” rating and issued a $190.00 target price on shares of NiCE in a report on Friday, August 15th. JMP Securities set a $200.00 price objective on NiCE in a research note on Friday. Weiss Ratings upgraded NiCE from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, November 7th. Morgan Stanley set a $193.00 target price on NiCE in a research report on Tuesday, October 21st. Finally, Wall Street Zen raised NiCE from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $193.46.

NiCE Price Performance

Shares of NASDAQ:NICE traded up $3.04 during trading on Friday, reaching $135.02. 466,384 shares of the stock were exchanged, compared to its average volume of 569,965. NiCE has a 1-year low of $122.94 and a 1-year high of $193.52. The stock has a fifty day moving average of $137.51 and a two-hundred day moving average of $151.10. The firm has a market cap of $8.54 billion, a price-to-earnings ratio of 16.15, a price-to-earnings-growth ratio of 1.16 and a beta of 0.98.

NiCE (NASDAQ:NICE) last announced its quarterly earnings results on Thursday, November 13th. The technology company reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $3.17 by $0.01. NiCE had a net margin of 18.92% and a return on equity of 17.43%. The business had revenue of $732.00 million during the quarter, compared to analyst estimates of $728.07 million. During the same quarter in the previous year, the business posted $2.88 EPS. NiCE’s quarterly revenue was up 6.1% on a year-over-year basis. NiCE has set its FY 2025 guidance at 12.180-12.320 EPS. Sell-side analysts forecast that NiCE will post 9.85 EPS for the current year.

Institutional Investors Weigh In On NiCE

Several large investors have recently modified their holdings of NICE. Richardson Financial Services Inc. raised its holdings in shares of 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 purchasing an additional 99 shares during the period. Cheviot Value Management LLC purchased a new stake in NiCE in the first quarter worth $36,000. Tower Research Capital LLC TRC bought a new stake in shares of NiCE in the second quarter valued at $40,000. Atlantic Union Bankshares Corp purchased a new position in shares of NiCE during the 2nd quarter valued at $60,000. Finally, Legal & General Group Plc bought a new position in shares of NiCE during the 2nd quarter worth $65,000. Hedge funds and other institutional investors own 63.34% of the company’s stock.

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 enables 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.