NiCE (NASDAQ:NICE) Price Target Raised to $145.00 at Royal Bank Of Canada

NiCE (NASDAQ:NICE) had its target price lifted by equities researchers at Royal Bank Of Canada from $130.00 to $145.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 25.95% from the company’s previous close.

Other analysts have also recently issued reports about the company. Cantor Fitzgerald reissued a “neutral” rating and set a $104.00 price target on shares of NiCE in a report on Wednesday, June 10th. Rosenblatt Securities reissued a “buy” rating and set a $130.00 target price on shares of NiCE in a report on Thursday, August 6th. Citigroup reissued a “neutral” rating on shares of NiCE in a research report on Thursday, August 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of NiCE in a research report on Monday. Finally, DA Davidson increased their target price on shares of NiCE from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $130.75.

NiCE Stock Performance

Shares of NASDAQ:NICE opened at $115.12 on Thursday. NiCE has a 52-week low of $83.10 and a 52-week high of $152.20. The company has a market capitalization of $6.73 billion, a P/E ratio of 16.87, a price-to-earnings-growth ratio of 1.28 and a beta of 0.75. The company has a 50-day simple moving average of $102.08 and a 200 day simple moving average of $101.09.

NiCE (NASDAQ:NICE) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.07. The company had revenue of $782.29 million for the quarter, compared to analyst estimates of $766.27 million. NiCE had a net margin of 13.86% and a return on equity of 15.46%. The company’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.01 earnings per share. NiCE has set its FY 2026 guidance at 11.060-11.260 EPS and its Q3 2026 guidance at 2.730-2.830 EPS. As a group, equities analysts forecast that NiCE will post 8.66 earnings per share for the current year.

Insider Buying and Selling at NiCE

In other NiCE news, VP Udi Dayan sold 500 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $100.00, for a total value of $50,000.00. Following the sale, the vice president owned 500 shares of the company’s stock, valued at approximately $50,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.02% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. raised its stake in shares of NiCE by 1,637.6% during the first quarter. Principal Financial Group Inc. now owns 4,578,940 shares of the technology company’s stock valued at $504,874,000 after acquiring an additional 4,315,414 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in NiCE by 22.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,256,752 shares of the technology company’s stock worth $142,063,000 after buying an additional 227,631 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in NiCE by 16.8% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,028,172 shares of the technology company’s stock worth $113,366,000 after buying an additional 148,113 shares during the last quarter. Vulcan Value Partners LLC lifted its holdings in NiCE by 15.6% in the fourth quarter. Vulcan Value Partners LLC now owns 870,733 shares of the technology company’s stock valued at $98,404,000 after buying an additional 117,417 shares during the period. Finally, Brandes Investment Partners LP bought a new position in shares of NiCE in the 4th quarter worth about $79,944,000. Institutional investors own 63.34% of the company’s stock.

About NiCE

NICE Ltd. (NASDAQ: NICE) is a technology company that develops cloud-based software and artificial intelligence solutions for customer experience, contact centers and enterprise operations. Its platforms help organizations manage customer interactions across voice, digital and other channels, while providing analytics, workflow automation and workforce engagement tools.

The company’s portfolio includes NICE CXone, a cloud platform for contact center operations, and Enlighten, an artificial intelligence framework designed for customer and employee interactions.