Analysts Set Target Price of $159.77 for NiCE Shares

Shares of NiCE Ltd (NASDAQ:NICE) have received a consensus rating of “Hold” from fifteen analysts, according to a recent report from Marketbeat. While two analysts suggest selling the stock, five have opted for a hold rating, and eight have issued buy ratings. The average one-year price target among brokerages that have updated their coverage recently stands at $159.77.

Several investment firms have made notable adjustments to their price targets for NiCE. Citigroup raised its price target from $209.00 to $211.00, maintaining a “buy” rating in a report dated November 14, 2023. Conversely, Morgan Stanley lowered its target from $193.00 to $160.00 and designated the stock as “overweight” in a research note released on November 18, 2023.

Additionally, Weiss Ratings reaffirmed a “sell (d+)” rating for NiCE in a report published on December 29, 2023. DA Davidson also reduced its price target from $150.00 to $130.00, giving the stock a “neutral” rating on November 18, 2023. Meanwhile, the Royal Bank of Canada adjusted its price objective from $190.00 to $175.00, retaining an “outperform” rating.

Institutional Activity and Shareholder Composition

Recent activity from institutional investors and hedge funds indicates shifting interests in NiCE. AQR Capital Management LLC initiated a new stake valued at approximately $226,000 during the first quarter of 2023. Goldman Sachs Group Inc. notably increased its holdings by 81.7%, now owning 229,813 shares worth about $35.43 million after acquiring an additional 103,342 shares during the same quarter.

Other significant investments include Empowered Funds LLC, which acquired a new stake in NiCE valued at around $892,000, and Woodline Partners LP, which boosted its holdings by 18.7% to own 20,140 shares worth $3.1 million. Additionally, Signaturefd LLC increased its stake by 30.5%, owning 1,372 shares worth approximately $232,000.

Currently, institutional investors hold approximately 63.34% of NiCE’s outstanding shares, reflecting a robust interest in the company.

About NiCE Ltd

NiCE Ltd is a global software provider with a focus on solutions for customer engagement, financial crime prevention, public safety, workforce optimization, and border security. The company offers both cloud-native and on-premises platforms that utilize advanced analytics, artificial intelligence, and automation to enhance customer experiences and streamline operations.

The firm caters to a diverse range of sectors, including contact centers, financial institutions, and government agencies. NiCE’s product suite includes tools for omnichannel interaction management, real-time and historical analytics, workforce management, and quality management, addressing the evolving needs of organizations across various industries.

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