Nice (NASDAQ:NICE) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Nice (NASDAQ:NICE) from a hold rating to a buy rating in a report released on Saturday morning.

Several other brokerages have also recently weighed in on NICE. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $161.00 price target on shares of Nice in a research report on Wednesday, June 18th. Wedbush restated an “outperform” rating and issued a $200.00 target price on shares of Nice in a report on Friday, June 20th. Morgan Stanley decreased their price target on Nice from $202.00 to $193.00 and set an “overweight” rating for the company in a report on Friday, August 15th. Rosenblatt Securities reissued a “buy” rating and issued a $190.00 price target on shares of Nice in a research report on Friday, August 15th. Finally, DA Davidson cut their price objective on shares of Nice from $195.00 to $150.00 and set a “neutral” rating on the stock in a report on Thursday, August 14th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $205.25.

Nice Stock Up 0.3%

Shares of NICE opened at $143.19 on Friday. The business’s fifty day moving average is $148.67 and its 200 day moving average is $155.16. Nice has a 12-month low of $127.00 and a 12-month high of $200.65. The stock has a market cap of $9.06 billion, a P/E ratio of 17.11, a P/E/G ratio of 1.24 and a beta of 0.95.

Nice (NASDAQ:NICE) last announced its quarterly earnings results on Thursday, August 14th. The technology company reported $3.01 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.02. Nice had a net margin of 18.92% and a return on equity of 17.43%. The business had revenue of $726.71 million during the quarter, compared to analyst estimates of $713.18 million. During the same quarter in the previous year, the business posted $2.64 EPS. Nice’s quarterly revenue was up 9.4% on a year-over-year basis. 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 expect that Nice will post 9.85 EPS for the current year.

Hedge Funds Weigh In On Nice

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. grew its position in Nice by 65.5% during the second quarter. Osaic Holdings Inc. now owns 35,474 shares of the technology company’s stock valued at $5,778,000 after buying an additional 14,041 shares during the period. State of Wyoming purchased a new position in Nice in the second quarter valued at about $975,000. Evergreen Capital Management LLC lifted its stake in Nice by 3.8% in the second quarter. Evergreen Capital Management LLC now owns 19,807 shares of the technology company’s stock valued at $3,346,000 after purchasing an additional 729 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in Nice during the second quarter valued at $40,000. Finally, CANADA LIFE ASSURANCE Co raised its stake in shares of Nice by 1.2% in the second quarter. CANADA LIFE ASSURANCE Co now owns 113,154 shares of the technology company’s stock valued at $19,106,000 after buying an additional 1,364 shares during the period. 63.34% of the stock is owned by hedge funds and other institutional investors.

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.