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

NiCE (NASDAQ:NICE) had its price target raised by Citigroup from $209.00 to $211.00 in a research note published on Friday,Benzinga reports. Citigroup currently has a buy rating on the technology company’s stock.

A number of other equities research analysts have also recently weighed in on NICE. DA Davidson set a $150.00 price objective on NiCE in a research note on Friday. Jefferies Financial Group reaffirmed a “hold” rating and issued a $152.00 target price on shares of NiCE in a research report on Sunday, October 12th. Wall Street Zen raised shares of NiCE from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. JMP Securities set a $200.00 price objective on shares of NiCE in a report on Friday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of NiCE in a research note on Thursday. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $188.75.

NiCE Stock Up 1.1%

Shares of NASDAQ:NICE opened at $133.38 on Friday. NiCE has a 52 week low of $122.94 and a 52 week high of $193.52. The company has a market capitalization of $8.44 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 1.16 and a beta of 0.98. The firm has a 50 day moving average of $137.37 and a 200 day moving average of $150.95.

NiCE (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, November 13th. The technology company reported $3.18 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $728.07 million. During the same period in the prior year, the business posted $2.88 EPS. The business’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. On average, sell-side analysts expect that NiCE will post 9.85 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Richardson Financial Services Inc. increased its position in shares of 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 purchasing an additional 99 shares in the last quarter. Cheviot Value Management LLC purchased a new stake in NiCE in the first quarter valued at approximately $36,000. Tower Research Capital LLC TRC acquired a new stake in shares of NiCE in the second quarter valued at approximately $40,000. Atlantic Union Bankshares Corp purchased a new position in shares of NiCE during the second quarter worth approximately $60,000. Finally, Legal & General Group Plc acquired a new position in shares of NiCE in the 2nd quarter valued at $65,000. 63.34% of the stock is owned by hedge funds and other institutional investors.

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.