Royal Bank Of Canada Raises NiCE (NASDAQ:NICE) Price Target to $145.00

NiCE (NASDAQ:NICE) had its target price increased by investment analysts at Royal Bank Of Canada from $130.00 to $145.00 in a report released on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 25.95% from the company’s previous close.

NICE has been the topic of several other reports. Cantor Fitzgerald restated a “neutral” rating and issued a $104.00 target price on shares of NiCE in a research note on Wednesday, June 10th. Wedbush decreased their price objective on NiCE from $120.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of NiCE in a research report on Monday. Rosenblatt Securities restated a “buy” rating and issued a $130.00 price objective on shares of NiCE in a research report on Thursday, August 6th. Finally, DA Davidson upped their target price on shares of NiCE from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, NiCE has an average rating of “Hold” and an average price target of $130.75.

NiCE Price Performance

NICE opened at $115.12 on Thursday. NiCE has a fifty-two week low of $83.10 and a fifty-two week high of $152.20. The firm has a market capitalization of $6.73 billion, a P/E ratio of 16.87, a PEG ratio of 1.28 and a beta of 0.75. The company’s 50-day moving average is $102.08 and its 200 day moving average is $101.09.

NiCE (NASDAQ:NICE) last issued its quarterly earnings results on Wednesday, August 5th. The technology company reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.63 by $0.07. NiCE had a return on equity of 15.46% and a net margin of 13.86%.The company had revenue of $782.29 million during the quarter, compared to the consensus estimate of $766.27 million. During the same period last year, the business posted $3.01 earnings per share. NiCE’s revenue was up 7.7% on a year-over-year basis. NiCE has set its FY 2026 guidance at 11.060-11.260 EPS and its Q3 2026 guidance at 2.730-2.830 EPS. On average, equities research analysts expect that NiCE will post 8.66 earnings per share for the current year.

Insider Transactions at NiCE

In other NiCE news, VP Udi Dayan sold 500 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $100.00, for a total transaction of $50,000.00. Following the transaction, the vice president directly owned 500 shares in the company, valued at $50,000. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.02% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NiCE

Institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. increased its stake in shares of NiCE by 1,637.6% in the first quarter. Principal Financial Group Inc. now owns 4,578,940 shares of the technology company’s stock worth $504,874,000 after buying an additional 4,315,414 shares during the period. Artisan Partners Limited Partnership grew its position in shares of NiCE by 22.1% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,256,752 shares of the technology company’s stock worth $142,063,000 after buying an additional 227,631 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of NiCE by 16.8% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,028,172 shares of the technology company’s stock valued at $113,366,000 after buying an additional 148,113 shares during the period. Vulcan Value Partners LLC raised its holdings in shares of NiCE by 15.6% during the fourth quarter. Vulcan Value Partners LLC now owns 870,733 shares of the technology company’s stock valued at $98,404,000 after acquiring an additional 117,417 shares in the last quarter. Finally, Brandes Investment Partners LP purchased a new stake in NiCE in the fourth quarter worth $79,944,000. 63.34% of the stock is currently owned by institutional investors.

NiCE Company Profile

NICE Ltd. (NASDAQ: NICE) is a technology company that develops cloud-based software and artificial intelligence solutions for customer experience, contact centers and enterprise operations. Its platforms help organizations manage customer interactions across voice, digital and other channels, while providing analytics, workflow automation and workforce engagement tools.

The company’s portfolio includes NICE CXone, a cloud platform for contact center operations, and Enlighten, an artificial intelligence framework designed for customer and employee interactions.