NiCE (NASDAQ:NICE) Receives $136.92 Average Price Target from Brokerages

Shares of NiCE (NASDAQ:NICE) have earned a consensus rating of “Hold” from the fourteen research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $136.9167.

NICE has been the subject of several research reports. Citizens Jmp cut their price objective on NiCE from $200.00 to $170.00 and set a “market outperform” rating for the company in a research report on Thursday, May 7th. Rosenblatt Securities reissued a “buy” rating and issued a $155.00 price target on shares of NiCE in a report on Wednesday. Wedbush restated a “neutral” rating and issued a $120.00 price objective on shares of NiCE in a research report on Friday, February 20th. Piper Sandler reiterated a “neutral” rating and set a $124.00 price objective on shares of NiCE in a research report on Monday, February 23rd. Finally, Morgan Stanley cut their target price on shares of NiCE from $148.00 to $130.00 and set an “overweight” rating for the company in a research note on Monday, May 11th.

Institutional Trading of NiCE

A number of hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC purchased a new position in shares of NiCE during the 1st quarter worth $226,000. Goldman Sachs Group Inc. increased its stake in NiCE by 81.7% in the first quarter. Goldman Sachs Group Inc. now owns 229,813 shares of the technology company’s stock valued at $35,430,000 after purchasing an additional 103,342 shares during the last quarter. Empowered Funds LLC acquired a new position in NiCE in the first quarter valued at $892,000. Woodline Partners LP lifted its position in NiCE by 18.7% during the first quarter. Woodline Partners LP now owns 20,140 shares of the technology company’s stock worth $3,105,000 after buying an additional 3,178 shares during the period. Finally, Legal & General Group Plc acquired a new stake in NiCE in the 2nd quarter worth about $65,000. Institutional investors and hedge funds own 63.34% of the company’s stock.

NiCE Trading Down 3.0%

NASDAQ NICE opened at $88.62 on Wednesday. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 0.95 and a beta of 0.78. The business’s 50 day moving average is $99.50 and its two-hundred day moving average is $107.69. NiCE has a 12-month low of $84.38 and a 12-month high of $180.61.

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

NiCE declared that its board has authorized a share repurchase plan on Thursday, February 19th that permits the company to repurchase $600.00 million in shares. This repurchase authorization permits the technology company to reacquire up to 9.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

About NiCE

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.