Citigroup Boosts NiCE (NASDAQ:NICE) Price Target to $211.00

NiCE (NASDAQ:NICE) had its price objective raised by analysts at Citigroup from $209.00 to $211.00 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Citigroup’s price target points to a potential upside of 58.98% from the company’s current price.

Other equities analysts also recently issued reports about the company. Morgan Stanley set a $193.00 price objective on NiCE in a report on Tuesday, October 21st. Wall Street Zen raised shares of NiCE from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Citizens Jmp cut their price objective on shares of NiCE from $300.00 to $200.00 and set a “market outperform” rating on the stock in a research report on Friday. DA Davidson set a $150.00 target price on NiCE in a research report on Friday. Finally, JMP Securities set a $200.00 price target on shares of NiCE in a research note on Friday. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $193.46.

NiCE Trading Up 0.6%

Shares of NiCE stock traded up $0.75 during trading hours on Friday, reaching $132.73. The stock had a trading volume of 982,382 shares, compared to its average volume of 572,493. The stock’s 50 day moving average is $137.51 and its 200 day moving average is $151.10. NiCE has a twelve month low of $122.94 and a twelve month high of $193.52. The firm has a market capitalization of $8.39 billion, a PE ratio of 15.92, a PEG ratio of 1.16 and a beta of 0.98.

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

Institutional Investors Weigh In On NiCE

Institutional investors and hedge funds have recently made changes to their positions in the company. Cerity Partners LLC increased its position in shares of NiCE by 56.0% during the 1st quarter. Cerity Partners LLC now owns 9,986 shares of the technology company’s stock valued at $1,540,000 after purchasing an additional 3,584 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in NiCE by 12.3% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,766,270 shares of the technology company’s stock valued at $272,306,000 after purchasing an additional 193,000 shares in the last quarter. Formidable Asset Management LLC lifted its holdings in shares of NiCE by 14.3% during the first quarter. Formidable Asset Management LLC now owns 4,589 shares of the technology company’s stock worth $707,000 after purchasing an additional 573 shares during the period. IFP Advisors Inc raised its stake in shares of NiCE by 76.2% during the 1st quarter. IFP Advisors Inc now owns 652 shares of the technology company’s stock worth $101,000 after buying an additional 282 shares during the period. Finally, Wedbush Securities Inc. boosted its position in NiCE by 18.0% during the first quarter. Wedbush Securities Inc. now owns 1,801 shares of the technology company’s stock worth $278,000 after acquiring an additional 275 shares during the last quarter. 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.