NiCE (NASDAQ:NICE) Price Target Lowered to $175.00 at Royal Bank Of Canada

NiCE (NASDAQ:NICE) had its price target decreased by Royal Bank Of Canada from $190.00 to $175.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 64.40% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Rosenblatt Securities decreased their price target on shares of NiCE from $190.00 to $175.00 and set a “buy” rating on the stock in a research note on Tuesday. Citizens Jmp lowered their target price on shares of NiCE from $300.00 to $200.00 and set a “market outperform” rating on the stock in a report on Friday. DA Davidson set a $150.00 price target on shares of NiCE in a research report on Friday. Jefferies Financial Group reiterated a “hold” rating and issued a $152.00 price target on shares of NiCE in a research note on Sunday, October 12th. Finally, Cantor Fitzgerald lowered their price objective on NiCE from $154.00 to $133.00 and set a “neutral” rating on the stock in a research note on Tuesday. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, NiCE presently has an average rating of “Moderate Buy” and an average target price of $183.08.

NiCE Stock Down 11.9%

Shares of NiCE stock traded down $14.41 on Tuesday, hitting $106.45. The stock had a trading volume of 1,110,597 shares, compared to its average volume of 585,949. The stock has a market cap of $6.73 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of 1.16 and a beta of 0.98. NiCE has a twelve month low of $107.25 and a twelve month high of $193.52. The business’s 50 day moving average is $136.93 and its two-hundred day moving average is $150.62.

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

Institutional Investors Weigh In On NiCE

Several hedge funds have recently modified their holdings of NICE. Morningstar Investment Management LLC bought a new stake in NiCE during the 3rd quarter worth $5,182,000. CANADA LIFE ASSURANCE Co raised its position in NiCE by 11.2% in the third quarter. CANADA LIFE ASSURANCE Co now owns 125,795 shares of the technology company’s stock valued at $18,406,000 after purchasing an additional 12,641 shares during the last quarter. Woodline Partners LP boosted its stake in shares of NiCE by 16.1% during the third quarter. Woodline Partners LP now owns 37,553 shares of the technology company’s stock valued at $5,437,000 after purchasing an additional 5,201 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of NiCE during the third quarter worth about $1,652,000. Finally, Qube Research & Technologies Ltd grew its holdings in shares of NiCE by 1.3% during the third quarter. Qube Research & Technologies Ltd now owns 11,276 shares of the technology company’s stock worth $1,633,000 after purchasing an additional 142 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

About NiCE

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.