DA Davidson Upgrades NiCE (NASDAQ:NICE) to Buy

NiCE (NASDAQ:NICE) was upgraded by equities researchers at DA Davidson from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The brokerage currently has a $110.00 target price on the technology company’s stock. DA Davidson’s price objective suggests a potential upside of 32.29% from the company’s current price.

Several other equities analysts also recently weighed in on NICE. Royal Bank Of Canada reiterated an “outperform” rating and set a $130.00 target price on shares of NiCE in a research report on Wednesday, June 10th. Citigroup reaffirmed a “market outperform” rating on shares of NiCE in a research note on Thursday, June 11th. Citizens Jmp decreased their target price on shares of NiCE from $200.00 to $170.00 and set a “market outperform” rating on the stock in a research report on Thursday, May 7th. Piper Sandler restated a “neutral” rating and issued a $124.00 target price on shares of NiCE in a report on Monday, February 23rd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $155.00 price target on shares of NiCE in a research report on Wednesday, June 10th. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $131.17.

NiCE Price Performance

NICE stock opened at $83.15 on Thursday. The company’s 50 day simple moving average is $96.56 and its 200-day simple moving average is $106.97. NiCE has a 12 month low of $83.10 and a 12 month high of $175.00. The firm has a market capitalization of $4.86 billion, a PE ratio of 9.86, a P/E/G ratio of 0.90 and a beta of 0.78.

NiCE (NASDAQ:NICE) last issued its quarterly earnings data on Wednesday, May 6th. The technology company reported $2.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.12. The firm had revenue of $768.62 million during the quarter, compared to the consensus estimate of $760.94 million. NiCE had a return on equity of 17.42% and a net margin of 17.57%.The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.87 EPS. NiCE has set its FY 2026 guidance at 10.980-11.180 EPS and its Q2 2026 guidance at 2.600-2.700 EPS. As a group, sell-side analysts anticipate that NiCE will post 9.08 earnings per share for the current year.

NiCE declared that its board has approved a stock repurchase plan on Thursday, February 19th that authorizes the company to repurchase $600.00 million in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 9.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On NiCE

Several institutional investors and hedge funds have recently modified their holdings of NICE. Tower Research Capital LLC TRC acquired a new position in shares of NiCE during the second quarter worth $40,000. Manchester Capital Management LLC acquired a new position in NiCE in the 4th quarter worth $39,000. V Square Quantitative Management LLC acquired a new position in NiCE in the 1st quarter worth $40,000. Legal & General Group Plc purchased a new position in NiCE in the 2nd quarter valued at about $65,000. Finally, Western Wealth Management LLC acquired a new stake in shares of NiCE during the first quarter valued at about $44,000. Hedge funds and other institutional investors own 63.34% of the company’s stock.

NiCE Company Profile

NiCE Ltd is a global software provider specializing in solutions for customer engagement, financial crime prevention, public safety, workforce optimization and border security. Its product offerings include cloud-native and on-premises platforms that leverage advanced analytics, artificial intelligence and automation to help organizations enhance customer experiences, streamline operations and ensure regulatory compliance. NiCE’s portfolio addresses the needs of contact centers, financial institutions, government agencies and enterprises across a broad range of industries.

In customer engagement, NiCE delivers tools for omnichannel interaction management, real-time and historical analytics, workforce management, and quality management.