NICE Ltd. (NASDAQ:NICE) Receives $231.64 Consensus Target Price from Analysts

NICE Ltd. (NASDAQ:NICEGet Free Report) has received an average rating of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $231.64.

NICE has been the subject of a number of research analyst reports. Jefferies Financial Group reissued a “hold” rating and issued a $200.00 target price (down from $215.00) on shares of NICE in a research report on Thursday, December 19th. Royal Bank of Canada decreased their target price on NICE from $260.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. Rosenblatt Securities decreased their target price on NICE from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, February 21st. StockNews.com downgraded NICE from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 17th. Finally, Cantor Fitzgerald reduced their price objective on NICE from $176.00 to $161.00 and set a “neutral” rating for the company in a research note on Friday, February 21st.

Check Out Our Latest Stock Analysis on NICE

Institutional Investors Weigh In On NICE

Large investors have recently bought and sold shares of the stock. Avion Wealth acquired a new stake in NICE during the 4th quarter valued at $25,000. Tradewinds Capital Management LLC acquired a new stake in shares of NICE during the fourth quarter worth $25,000. Anchor Investment Management LLC boosted its holdings in shares of NICE by 200.0% during the fourth quarter. Anchor Investment Management LLC now owns 150 shares of the technology company’s stock worth $25,000 after purchasing an additional 100 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in shares of NICE during the fourth quarter worth $25,000. Finally, McIlrath & Eck LLC boosted its holdings in shares of NICE by 56.9% during the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company’s stock worth $27,000 after purchasing an additional 58 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

NICE Price Performance

Shares of NASDAQ NICE opened at $144.61 on Monday. The stock’s 50-day moving average is $161.13 and its two-hundred day moving average is $170.12. The company has a market cap of $9.09 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 1.07 and a beta of 1.12. NICE has a 1-year low of $137.19 and a 1-year high of $270.73.

NICE (NASDAQ:NICEGet Free Report) last released its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.96 by ($0.71). The business had revenue of $721.60 million for the quarter, compared to analyst estimates of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. Equities research analysts anticipate that NICE will post 9.85 earnings per share for the current fiscal year.

About NICE

(Get Free Report

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.

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Analyst Recommendations for NICE (NASDAQ:NICE)

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