Cantor Fitzgerald Lowers NICE (NASDAQ:NICE) Price Target to $161.00

NICE (NASDAQ:NICE) had its price target dropped by equities researchers at Cantor Fitzgerald from $176.00 to $161.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. Cantor Fitzgerald’s target price would indicate a potential upside of 3.61% from the stock’s previous close. Cantor Fitzgerald also issued estimates for NICE’s FY2025 earnings at $9.90 EPS.

Other equities analysts also recently issued reports about the stock. Jefferies Financial Group reissued a “hold” rating and issued a $200.00 price target (down from $215.00) on shares of NICE in a report on Thursday, December 19th. Citigroup dropped their price objective on shares of NICE from $315.00 to $279.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Rosenblatt Securities dropped their price objective on shares of NICE from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Friday. DA Davidson dropped their price objective on shares of NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Finally, Piper Sandler reaffirmed a “neutral” rating on shares of NICE in a report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, NICE currently has an average rating of “Moderate Buy” and an average price target of $239.60.

NICE Stock Performance

Shares of NASDAQ:NICE opened at $155.39 on Friday. The company’s 50-day moving average is $170.08 and its 200 day moving average is $172.95. The company has a market capitalization of $9.77 billion, a P/E ratio of 22.99, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06. NICE has a fifty-two week low of $147.38 and a fifty-two week high of $270.73.

NICE (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, February 20th. The technology company reported $2.25 earnings per share for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.71). The company had revenue of $721.60 million during the quarter, compared to analysts’ expectations of $718.47 million. NICE had a return on equity of 16.17% and a net margin of 16.18%. As a group, research analysts predict that NICE will post 9.85 earnings per share for the current year.

Institutional Investors Weigh In On NICE

Several hedge funds and other institutional investors have recently modified their holdings of NICE. Formidable Asset Management LLC bought a new position in shares of NICE in the fourth quarter worth approximately $682,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of NICE in the fourth quarter worth approximately $313,808,000. Vise Technologies Inc. bought a new position in shares of NICE in the fourth quarter worth approximately $229,000. McIlrath & Eck LLC increased its position in shares of NICE by 56.9% in the fourth quarter. McIlrath & Eck LLC now owns 160 shares of the technology company’s stock worth $27,000 after purchasing an additional 58 shares during the last quarter. Finally, Woodline Partners LP bought a new position in shares of NICE in the fourth quarter worth approximately $2,881,000. 63.34% of the stock is currently owned by institutional investors.

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.