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

NiCE (NASDAQ:NICE) had its price objective dropped by stock analysts at Wedbush from $120.00 to $100.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. Wedbush’s target price points to a potential upside of 14.01% from the stock’s previous close.

Several other research analysts also recently weighed in on NICE. Zacks Research raised shares of NiCE from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. Citizens Jmp reduced their price target on shares of NiCE from $200.00 to $170.00 and set a “market outperform” rating for the company in a research report on Thursday, May 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $104.00 price objective on shares of NiCE in a research note on Wednesday. Morgan Stanley lowered their price objective on shares of NiCE from $148.00 to $130.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Finally, Royal Bank Of Canada cut their target price on shares of NiCE from $150.00 to $130.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Six equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, NiCE has a consensus rating of “Hold” and an average price target of $132.83.

NiCE Trading Down 1.0%

Shares of NiCE stock traded down $0.91 on Wednesday, reaching $87.72. 145,140 shares of the company were exchanged, compared to its average volume of 782,881. NiCE has a fifty-two week low of $84.38 and a fifty-two week high of $180.61. The firm has a market capitalization of $5.30 billion, a price-to-earnings ratio of 10.46, a price-to-earnings-growth ratio of 0.95 and a beta of 0.78. The stock has a fifty day moving average price of $99.50 and a 200-day moving average price of $107.69.

NiCE (NASDAQ:NICE) last released its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.64 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.12. The business had revenue of $768.62 million during the quarter, compared to analyst estimates of $760.94 million. NiCE had a return on equity of 17.42% and a net margin of 17.57%.NiCE’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the company posted $2.87 EPS. NiCE has set its FY 2026 guidance at 10.980-11.180 EPS and its Q2 2026 guidance at 2.600-2.700 EPS. On average, equities analysts anticipate that NiCE will post 9.08 earnings per share for the current fiscal year.

NiCE declared that its Board of Directors has authorized a share repurchase plan on Thursday, February 19th that allows the company to repurchase $600.00 million in outstanding shares. This repurchase authorization allows the technology company to reacquire up to 9.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NICE. Manchester Capital Management LLC purchased a new stake in NiCE in the 4th quarter worth approximately $39,000. V Square Quantitative Management LLC purchased a new position in shares of NiCE during the 1st quarter valued at $40,000. Tower Research Capital LLC TRC purchased a new position in shares of NiCE during the 2nd quarter valued at $40,000. Western Wealth Management LLC acquired a new position in shares of NiCE in the first quarter worth $44,000. Finally, Legal & General Group Plc purchased a new stake in shares of NiCE during the second quarter worth $65,000. 63.34% of the stock is owned by hedge funds and other institutional investors.

About NiCE

NiCE Ltd is a global software provider specializing in solutions for customer engagement, financial crime prevention, public safety, workforce optimization and border security. Its product offerings include cloud-native and on-premises platforms that leverage advanced analytics, artificial intelligence and automation to help organizations enhance customer experiences, streamline operations and ensure regulatory compliance. NiCE’s portfolio addresses the needs of contact centers, financial institutions, government agencies and enterprises across a broad range of industries.

In customer engagement, NiCE delivers tools for omnichannel interaction management, real-time and historical analytics, workforce management, and quality management.