NICE Ltd. (NASDAQ:NICE) Receives $253.93 Average Target Price from Brokerages

Shares of NICE Ltd. (NASDAQ:NICE) have been given an average recommendation of “Moderate Buy” by the sixteen analysts that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $253.93.

A number of analysts have recently issued reports on NICE shares. Cantor Fitzgerald assumed coverage on shares of NICE in a report on Friday, January 17th. They set a “neutral” rating and a $176.00 price target on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $260.00 target price on shares of NICE in a report on Friday, November 15th. Jefferies Financial Group reiterated a “hold” rating and set a $200.00 target price (down from $215.00) on shares of NICE in a research note on Thursday, December 19th. Piper Sandler restated a “neutral” rating on shares of NICE in a research note on Thursday, November 14th. Finally, Citigroup upped their price objective on NICE from $330.00 to $334.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th.

NICE Stock Performance

NASDAQ NICE opened at $176.49 on Thursday. 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 of $171.67 and a 200 day moving average of $173.07. The company has a market capitalization of $11.10 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 1.22 and a beta of 1.06.

Hedge Funds Weigh In On NICE

Large investors have recently added to or reduced their stakes in the company. Financial Perspectives Inc increased its stake in shares of NICE by 11.6% in the fourth quarter. Financial Perspectives Inc now owns 635 shares of the technology company’s stock worth $108,000 after purchasing an additional 66 shares in the last quarter. Richardson Financial Services Inc. boosted its holdings in NICE by 43.8% in the 4th quarter. Richardson Financial Services Inc. now owns 220 shares of the technology company’s stock worth $38,000 after buying an additional 67 shares during the period. Dorsey & Whitney Trust CO LLC increased its stake in NICE by 5.7% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,428 shares of the technology company’s stock worth $243,000 after buying an additional 77 shares in the last quarter. Berry Wealth Group LP raised its holdings in NICE by 5.2% during the fourth quarter. Berry Wealth Group LP now owns 1,616 shares of the technology company’s stock valued at $274,000 after acquiring an additional 80 shares during the period. Finally, Rothschild Investment LLC lifted its position in shares of NICE by 18.5% in the fourth quarter. Rothschild Investment LLC now owns 512 shares of the technology company’s stock valued at $87,000 after acquiring an additional 80 shares in the last quarter. 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.