NiCE (NASDAQ:NICE) Given “Buy” Rating at Rosenblatt Securities

NiCE (NASDAQ:NICE)‘s stock had its “buy” rating reissued by Rosenblatt Securities in a research report issued on Wednesday,Benzinga reports. They currently have a $155.00 price target on the technology company’s stock. Rosenblatt Securities’ price target points to a potential upside of 74.90% from the company’s previous close.

A number of other analysts have also recently weighed in on NICE. Citigroup decreased their target price on shares of NiCE from $119.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Piper Sandler reissued a “neutral” rating and set a $124.00 price objective on shares of NiCE in a report on Monday, February 23rd. Royal Bank Of Canada reduced their price objective on NiCE from $150.00 to $130.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Zacks Research raised NiCE from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, Citizens Jmp lowered their price objective on NiCE from $200.00 to $170.00 and set a “market outperform” rating for the company in a research note on Thursday, May 7th. Six equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, NiCE has a consensus rating of “Hold” and a consensus target price of $136.92.

NiCE Trading Down 3.0%

Shares of NASDAQ NICE opened at $88.62 on Wednesday. The company has a market cap of $5.36 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 0.95 and a beta of 0.78. NiCE has a 12 month low of $84.38 and a 12 month high of $180.61. The stock has a 50-day moving average price of $99.50 and a two-hundred day moving average price of $107.69.

NiCE (NASDAQ:NICE) last posted 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 company had revenue of $768.62 million for the quarter, compared to the consensus estimate of $760.94 million. NiCE had a net margin of 17.57% and a return on equity of 17.42%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period 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, sell-side analysts predict that NiCE will post 9.08 earnings per share for the current year.

NiCE announced that its board has approved a share repurchase plan on Thursday, February 19th that authorizes the company to repurchase $600.00 million in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 9.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On NiCE

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

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.