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

NICE (NASDAQ:NICE - Free Report) had its price objective lowered by Cantor Fitzgerald from $176.00 to $161.00 in a research report released on Friday morning,Benzinga reports. Cantor Fitzgerald currently has a neutral rating on the technology company's stock. Cantor Fitzgerald also issued estimates for NICE's FY2025 earnings at $9.90 EPS.

Several other equities research analysts have also recently weighed in on NICE. StockNews.com cut NICE from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 17th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $260.00 target price on shares of NICE in a research report on Friday, November 15th. Oppenheimer cut shares of NICE from an "outperform" rating to a "market perform" rating in a research report on Friday, November 15th. Citigroup cut 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. Finally, Piper Sandler reiterated a "neutral" rating on shares of NICE in a report on Thursday, November 14th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $231.64.

NICE Stock Performance

Shares of NICE stock traded down $9.43 during midday trading on Friday, reaching $151.56. 1,326,034 shares of the company's stock traded hands, compared to its average volume of 635,233. The stock has a 50 day moving average of $169.57 and a 200-day moving average of $172.93. NICE has a 12 month low of $147.38 and a 12 month high of $270.73. The company has a market cap of $9.53 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06.

NICE (NASDAQ:NICE - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 EPS for the quarter, missing the consensus estimate of $2.96 by ($0.71). NICE had a return on equity of 16.17% and a net margin of 16.18%. The company had revenue of $721.60 million during the quarter, compared to the consensus estimate of $718.47 million. On average, equities analysts anticipate that NICE will post 9.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NICE

A number of hedge funds have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. raised its holdings in shares of NICE by 8.3% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 2,058 shares of the technology company's stock valued at $350,000 after purchasing an additional 158 shares during the last quarter. Q Global Advisors LLC bought a new stake in NICE in the 4th quarter worth approximately $4,597,000. Formidable Asset Management LLC purchased a new stake in NICE during the 4th quarter valued at $682,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of NICE during the 4th quarter valued at $313,808,000. Finally, Vise Technologies Inc. purchased a new position in shares of NICE in the 4th quarter worth $229,000. Hedge funds and other institutional investors own 63.34% of the company's stock.

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.