Brokerages Set NICE Ltd. (NASDAQ:NICE) PT at $260.57

NICE Ltd. (NASDAQ:NICE) has been given an average rating of “Moderate Buy” by the fifteen analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $260.57.

A number of research analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $260.00 price target on shares of NICE in a research note on Friday, November 15th. Jefferies Financial Group lowered their price target on NICE from $230.00 to $215.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Wedbush reissued an “outperform” rating and issued a $250.00 price objective on shares of NICE in a research note on Friday, August 16th. JMP Securities reaffirmed a “market outperform” rating and set a $300.00 target price on shares of NICE in a research note on Friday, August 16th. Finally, Northland Securities reduced their target price on shares of NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, November 15th.

NICE Stock Down 0.4 %

NICE opened at $189.81 on Friday. The firm’s fifty day simple moving average is $177.65 and its two-hundred day simple moving average is $174.48. NICE has a 52-week low of $151.52 and a 52-week high of $270.73. The company has a market cap of $11.93 billion, a price-to-earnings ratio of 29.38, a PEG ratio of 1.45 and a beta of 1.05.

Institutional Investors Weigh In On NICE

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV raised its holdings in NICE by 208.3% in the 3rd 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 period. Allspring Global Investments Holdings LLC increased its holdings 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 purchased a new stake in NICE in the third quarter valued at approximately $38,000. Wilmington Savings Fund Society FSB acquired a new position in NICE during the third quarter worth $41,000. Finally, GAMMA Investing LLC grew 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 buying an additional 116 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.