8 Analysts Assess NICE: What You Need To Know
Portfolio Pulse from Benzinga Insights
Recent reports from 8 analysts in the last quarter show a generally positive sentiment towards NICE (NASDAQ:NICE), with 7 somewhat bullish and 1 indifferent rating. The average 12-month price target is $254.38, with a high of $343.00 and a low of $190.00. Over the past month, the average price target has increased by 7.11%. Analysts from firms like JMP Securities, RBC Capital, Morgan Stanley, Oppenheimer, and DA Davidson have maintained or lowered their price targets, with ratings ranging from 'Market Outperform' to 'Neutral'. NICE is an enterprise software company with a focus on customer engagement and financial crime and compliance solutions. Despite a lower revenue growth rate compared to industry peers, NICE has shown strong financial performance with a high net margin of 15.36%, an ROE of 2.89%, and an ROA of 1.88%, along with a low debt-to-equity ratio of 0.23.
December 18, 2023 | 5:00 pm
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POSITIVE IMPACT
Analysts are generally positive on NICE, with an average price target of $254.38 and a recent increase in target by 7.11%. The company's strong financial performance may support this optimistic outlook.
The positive sentiment from analysts, reflected in the majority of somewhat bullish ratings and the increase in the average price target, suggests a potential short-term uplift for NICE's stock price. The company's robust financial metrics, such as high net margin and ROE, reinforce the analysts' outlook and may contribute to investor confidence.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100