NICE (NASDAQ:NICE) Upgraded by StockNews.com to “Strong-Buy” Rating

StockNews.com upgraded shares of NICE (NASDAQ:NICE) from a buy rating to a strong-buy rating in a research note issued to investors on Wednesday morning.

Several other equities analysts have also recently commented on the company. DA Davidson reduced their target price on NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Rosenblatt Securities reiterated a “buy” rating and set a $225.00 price objective on shares of NICE in a research note on Tuesday, August 13th. Citigroup boosted their target price on shares of NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Piper Sandler restated a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. Finally, Northland Securities decreased their price target on NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.57.

NICE Stock Performance

Shares of NICE opened at $186.67 on Wednesday. NICE has a one year low of $151.52 and a one year high of $270.73. The stock has a 50-day moving average price of $179.40 and a 200 day moving average price of $174.23. The company has a market capitalization of $11.74 billion, a P/E ratio of 28.90, a P/E/G ratio of 1.43 and a beta of 1.05.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NICE. Creative Financial Designs Inc. ADV lifted its stake in NICE by 208.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in NICE by 135.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 186 shares of the technology company’s stock valued at $32,000 after purchasing an additional 107 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in NICE during the 3rd quarter valued at about $38,000. Wilmington Savings Fund Society FSB bought a new position in NICE in the 3rd quarter worth about $41,000. Finally, GAMMA Investing LLC increased its stake in shares of NICE by 89.9% in the third quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock valued at $43,000 after purchasing an additional 116 shares during the period. 63.34% of the stock is currently owned by institutional investors.

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.