NICE Ltd. (NASDAQ:NICE) Receives $253.93 Consensus Target Price from Brokerages

NICE Ltd. (NASDAQ:NICE) has been assigned an average recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $253.93.

NICE has been the topic of a number of recent research reports. DA Davidson dropped their price target on NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Piper Sandler reissued a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. Citigroup increased their price target on NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Jefferies Financial Group restated a “hold” rating and set a $200.00 price objective (down from $215.00) on shares of NICE in a research note on Thursday, December 19th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $260.00 price objective on shares of NICE in a research note on Friday, November 15th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NICE. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in NICE in the fourth quarter valued at approximately $313,808,000. Boston Partners grew its holdings in NICE by 10.0% in the fourth quarter. Boston Partners now owns 1,670,327 shares of the technology company’s stock valued at $283,349,000 after purchasing an additional 151,528 shares during the period. Menora Mivtachim Holdings LTD. grew its holdings in NICE by 2.3% in the fourth quarter. Menora Mivtachim Holdings LTD. now owns 1,660,037 shares of the technology company’s stock valued at $281,941,000 after purchasing an additional 36,865 shares during the period. HMI Capital Management L.P. grew its holdings in NICE by 12.8% in the fourth quarter. HMI Capital Management L.P. now owns 1,642,770 shares of the technology company’s stock valued at $279,008,000 after purchasing an additional 186,600 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings in NICE by 21.6% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,575,645 shares of the technology company’s stock valued at $273,642,000 after purchasing an additional 279,375 shares during the period. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

NICE Trading Down 1.0 %

NICE opened at $176.49 on Thursday. NICE has a 12-month low of $151.52 and a 12-month high of $270.73. The business’s fifty day simple moving average is $171.87 and its 200-day simple moving average is $173.13. The company has a market capitalization of $11.10 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 1.22 and a beta of 1.06.

NICE Company Profile

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 enable 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.