Can NICE's Acquisition Of LiveVox Be Accretive? Analysts Weigh In
Portfolio Pulse from Nabaparna Bhattacharya
NICE Ltd (NASDAQ:NICE) is set to acquire LiveVox Holdings, Inc. (NASDAQ:LVOX) for $3.74/share in an all-cash deal, valuing the firm at $387 million. Analysts from Oppenheimer and RBC Capital Markets have reiterated their Outperform rating on NICE, with price targets of $225 and $238 respectively. The acquisition is expected to contribute $100 million to NICE's cloud revenue in 2024 and could accelerate LiveVox's EBITDA margins. However, NICE shares are trading lower by 1.46%.
October 05, 2023 | 7:58 pm
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NEUTRAL IMPACT
NICE's acquisition of LiveVox is expected to boost its cloud revenue and EBITDA margins. However, its shares are trading lower.
The acquisition of LiveVox is expected to be beneficial for NICE in terms of revenue and margins. However, the market reaction has been negative in the short term, with shares trading lower.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
LiveVox is being acquired by NICE in a deal valued at $387 million. The company's EBITDA margins are expected to be accelerated by NICE.
The acquisition by NICE is expected to be beneficial for LiveVox, with the potential for accelerated EBITDA margins. This could have a positive impact on the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100