StockNews.com Upgrades NICE (NASDAQ:NICE) to “Strong-Buy”

NICE (NASDAQ:NICE) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday.

A number of other brokerages also recently issued reports on NICE. Citigroup lifted their price target on shares of NICE from $330.00 to $334.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Oppenheimer downgraded NICE from an “outperform” rating to a “market perform” rating in a research report on Friday, November 15th. Royal Bank of Canada restated an “outperform” rating and set a $260.00 price target on shares of NICE in a report on Friday, November 15th. Piper Sandler reissued a “neutral” rating on shares of NICE in a report on Thursday, November 14th. Finally, DA Davidson decreased their price target on shares of NICE from $300.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $253.93.

NICE Trading Down 0.3 %

NASDAQ:NICE opened at $164.98 on Tuesday. The stock has a 50-day moving average price of $175.69 and a 200 day moving average price of $174.17. NICE has a 12-month low of $151.52 and a 12-month high of $270.73. The stock has a market capitalization of $10.37 billion, a P/E ratio of 25.54, a P/E/G ratio of 1.14 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. Creative Financial Designs Inc. ADV raised its stake in shares of NICE by 208.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock worth $26,000 after acquiring an additional 100 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in shares of NICE during the third quarter worth $38,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of NICE during the 3rd quarter valued at $41,000. GAMMA Investing LLC grew its stake in NICE by 89.9% during the 3rd quarter. GAMMA Investing LLC now owns 245 shares of the technology company’s stock worth $43,000 after buying an additional 116 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in NICE by 48.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 277 shares of the technology company’s stock valued at $48,000 after buying an additional 91 shares in the last quarter. 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.