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

NiCE (NASDAQ:NICE) had its price target cut by equities research analysts at Mizuho from $185.00 to $150.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the technology company’s stock. Mizuho’s price objective suggests a potential upside of 41.13% from the stock’s current price.

Several other brokerages have also issued reports on NICE. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of NiCE in a research note on Thursday. Morgan Stanley set a $193.00 price objective on shares of NiCE in a report on Tuesday, October 21st. Rosenblatt Securities reduced their price objective on shares of NiCE from $190.00 to $175.00 and set a “buy” rating on the stock in a research note on Tuesday. JMP Securities set a $200.00 target price on shares of NiCE in a research report on Friday. Finally, Cantor Fitzgerald cut their price target on NiCE from $154.00 to $133.00 and set a “neutral” rating on the stock in a research note on Tuesday. Nine research 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, NiCE currently has an average rating of “Moderate Buy” and an average target price of $180.54.

NiCE Price Performance

Shares of NICE traded down $14.57 on Tuesday, hitting $106.29. The company’s stock had a trading volume of 1,199,963 shares, compared to its average volume of 586,392. The company has a market capitalization of $6.72 billion, a PE ratio of 12.68, a PEG ratio of 1.16 and a beta of 0.98. NiCE has a fifty-two week low of $106.15 and a fifty-two week high of $193.52. The company has a 50 day moving average price of $136.93 and a 200 day moving average price of $150.62.

NiCE (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, November 13th. The technology company reported $3.18 earnings per share for the quarter, beating the consensus estimate of $3.17 by $0.01. NiCE had a net margin of 18.92% and a return on equity of 17.43%. The firm had revenue of $732.00 million during the quarter, compared to analysts’ expectations of $728.07 million. During the same quarter last year, the company posted $2.88 EPS. The company’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. On average, equities analysts forecast that NiCE will post 9.85 EPS for the current year.

Institutional Investors Weigh In On NiCE

Several hedge funds have recently bought and sold shares of the company. Seelaus Asset Management LLC grew its holdings in shares of NiCE by 4.6% in the 3rd quarter. Seelaus Asset Management LLC now owns 1,691 shares of the technology company’s stock valued at $245,000 after buying an additional 75 shares during the period. Inspire Advisors LLC raised its stake in NiCE by 2.5% during the 3rd quarter. Inspire Advisors LLC now owns 3,302 shares of the technology company’s stock worth $478,000 after buying an additional 79 shares during the period. Dorsey & Whitney Trust CO LLC lifted its holdings in NiCE by 6.7% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 1,492 shares of the technology company’s stock worth $252,000 after acquiring an additional 94 shares in the last quarter. Richardson Financial Services Inc. lifted its holdings in NiCE by 99.0% during the second quarter. Richardson Financial Services Inc. now owns 199 shares of the technology company’s stock worth $33,000 after acquiring an additional 99 shares in the last quarter. Finally, Investors Research Corp grew its stake in NiCE by 4.2% in the second quarter. Investors Research Corp now owns 2,486 shares of the technology company’s stock valued at $420,000 after acquiring an additional 100 shares during the period. 63.34% of the stock is currently owned by institutional investors and hedge funds.

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.