NiCE (NASDAQ:NICE) Raised to “Outperform” at Oppenheimer

NiCE (NASDAQ:NICE) was upgraded by Oppenheimer from a “market perform” rating to an “outperform” rating in a research note issued on Wednesday, Marketbeat reports. The firm currently has a $150.00 target price on the technology company’s stock. Oppenheimer’s target price would indicate a potential upside of 40.44% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Wedbush reduced their target price on NiCE from $120.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, June 10th. DA Davidson increased their price objective on NiCE from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Royal Bank Of Canada lifted their target price on NiCE from $130.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, September 24th. Rosenblatt Securities reiterated a “buy” rating and issued a $130.00 target price on shares of NiCE in a research report on Thursday, August 6th. Finally, Citigroup reiterated a “neutral” rating on shares of NiCE in a report on Thursday, August 6th. Eight equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $132.23.

NiCE Stock Performance

NiCE stock opened at $106.81 on Wednesday. The stock has a market cap of $6.24 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 1.18 and a beta of 0.75. The stock has a 50-day moving average of $102.99 and a two-hundred day moving average of $100.71. NiCE has a one year low of $83.10 and a one year high of $149.29.

NiCE (NASDAQ:NICE) last posted its quarterly earnings data on Wednesday, August 5th. The technology company reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.07. The firm had revenue of $782.29 million for the quarter, compared to the consensus estimate of $766.27 million. NiCE had a net margin of 13.86% and a return on equity of 15.46%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.01 earnings per share. NiCE has set its FY 2026 guidance at 11.060-11.260 EPS and its Q3 2026 guidance at 2.730-2.830 EPS. As a group, sell-side analysts predict that NiCE will post 8.66 EPS for the current fiscal year.

Insider Buying and Selling at NiCE

In other news, VP Udi Dayan sold 500 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $100.00, for a total value of $50,000.00. Following the completion of the transaction, the vice president owned 500 shares of the company’s stock, valued at $50,000. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.02% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NICE. Manchester Capital Management LLC acquired a new position in NiCE in the fourth quarter valued at approximately $39,000. V Square Quantitative Management LLC acquired a new stake in shares of NiCE during the 1st quarter worth approximately $40,000. Western Wealth Management LLC purchased a new position in shares of NiCE during the 1st quarter valued at approximately $44,000. MidFirst Bank purchased a new position in shares of NiCE during the 4th quarter valued at approximately $69,000. Finally, Allworth Financial LP lifted its stake in shares of NiCE by 24.6% in the 2nd quarter. Allworth Financial LP now owns 871 shares of the technology company’s stock valued at $79,000 after purchasing an additional 172 shares during the period. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

About NiCE

NICE Ltd. (NASDAQ: NICE) is a technology company that develops cloud-based software and artificial intelligence solutions for customer experience, contact centers and enterprise operations. Its platforms help organizations manage customer interactions across voice, digital and other channels, while providing analytics, workflow automation and workforce engagement tools.

The company’s portfolio includes NICE CXone, a cloud platform for contact center operations, and Enlighten, an artificial intelligence framework designed for customer and employee interactions.