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

Shares of NICE Ltd. (NASDAQ:NICE) have received a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $260.57.

A number of equities analysts recently weighed in on NICE shares. Piper Sandler restated a “neutral” rating on shares of NICE in a research report on Thursday, November 14th. Wedbush reiterated an “outperform” rating and issued a $250.00 price objective on shares of NICE in a report on Friday, August 16th. Citigroup increased their price objective on NICE from $330.00 to $334.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Northland Securities reduced their target price on NICE from $275.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, November 15th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $225.00 target price on shares of NICE in a research report on Tuesday, August 13th.

Hedge Funds Weigh In On NICE

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Creative Financial Designs Inc. ADV raised its holdings 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 acquiring an additional 100 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of 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 in the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of NICE during the 3rd quarter worth $38,000. Wilmington Savings Fund Society FSB acquired a new stake in NICE in the third quarter valued at $41,000. Finally, GAMMA Investing LLC lifted its holdings 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. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NICE Stock Up 1.1 %

Shares of NICE opened at $184.51 on Friday. NICE has a 52-week low of $151.52 and a 52-week high of $270.73. The stock has a market cap of $11.60 billion, a PE ratio of 28.56, a price-to-earnings-growth ratio of 1.43 and a beta of 1.04. The firm’s fifty day moving average is $175.76 and its two-hundred day moving average is $174.47.

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.