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

Shares of NICE Ltd. (NASDAQ:NICE - Get Free Report) have received an average recommendation of "Moderate Buy" from the sixteen brokerages that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $253.93.

A number of analysts recently issued reports on the company. Piper Sandler reissued a "neutral" rating on shares of NICE in a research note on Thursday, November 14th. Northland Securities lowered their target price on NICE from $275.00 to $250.00 and set an "outperform" rating for the company in a research note on Friday, November 15th. Royal Bank of Canada reissued an "outperform" rating and set a $260.00 target price on shares of NICE in a research note on Friday, November 15th. StockNews.com raised NICE from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, January 21st. Finally, Oppenheimer downgraded NICE from an "outperform" rating to a "market perform" rating in a research report on Friday, November 15th.

Institutional Investors Weigh In On NICE

Several large investors have recently made changes to their positions in NICE. Avion Wealth bought a new position in NICE during the fourth quarter worth $25,000. Tradewinds Capital Management LLC bought a new position in NICE during the fourth quarter worth $25,000. Anchor Investment Management LLC boosted its position in NICE by 200.0% during the fourth quarter. Anchor Investment Management LLC now owns 150 shares of the technology company's stock worth $25,000 after purchasing an additional 100 shares during the period. Creative Financial Designs Inc. ADV boosted its position in NICE by 208.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company's stock worth $26,000 after purchasing an additional 100 shares during the period. Finally, ORG Wealth Partners LLC bought a new position in NICE during the third quarter worth $38,000. Institutional investors and hedge funds own 63.34% of the company's stock.

NICE Stock Performance

NASDAQ NICE traded down $1.74 during trading hours on Thursday, reaching $176.49. 347,162 shares of the company's stock were exchanged, compared to its average volume of 504,483. The company's 50-day moving average is $171.87 and its two-hundred day moving average is $173.07. NICE has a one year low of $151.52 and a one year high of $270.73. The company has a market capitalization of $11.10 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth 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.