Royal Bank Of Canada Has Lowered Expectations for NiCE (NASDAQ:NICE) Stock Price

NiCE (NASDAQ:NICE) had its price objective cut by research analysts at Royal Bank Of Canada from $145.00 to $130.00 in a report issued on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada‘s price target suggests a potential upside of 34.63% from the stock’s current price.

A number of other brokerages have also issued reports on NICE. Citigroup reissued a “market outperform” rating on shares of NiCE in a research report on Thursday. DA Davidson upped their price target on NiCE from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Oppenheimer raised NiCE from a “market perform” rating to an “outperform” rating and set a $150.00 price target for the company in a research report on Wednesday, September 30th. Rosenblatt Securities reaffirmed a “buy” rating and set a $130.00 price target on shares of NiCE in a research note on Thursday, August 6th. Finally, Citizens Jmp lowered their price objective on shares of NiCE from $170.00 to $158.00 and set a “market outperform” rating on the stock in a report on Thursday. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, NiCE has an average rating of “Moderate Buy” and a consensus price target of $129.79.

NiCE Stock Down 3.0%

NASDAQ NICE traded down $3.03 during trading hours on Thursday, hitting $96.56. The company’s stock had a trading volume of 603,110 shares, compared to its average volume of 687,966. NiCE has a twelve month low of $83.10 and a twelve month high of $136.52. The firm has a market capitalization of $5.64 billion, a P/E ratio of 14.10, a PEG ratio of 1.16 and a beta of 0.77. The stock has a fifty day moving average of $111.00 and a 200 day moving average of $104.96.

NiCE (NASDAQ:NICE) last released its earnings results on Wednesday, November 4th. The technology company reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.06. The firm had revenue of $790.70 million during the quarter, compared to analyst estimates of $785.75 million. NiCE had a net margin of 13.86% and a return on equity of 15.46%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.18 EPS. On average, analysts predict that NiCE will post 8.60 earnings per share for the current year.

Insiders Place Their Bets

In other NiCE news, VP Udi Dayan sold 500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president directly owned 500 shares in the company, valued at $50,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.02% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NiCE

Institutional investors and hedge funds have recently made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new stake in shares of NiCE in the 1st quarter valued at approximately $40,000. Western Wealth Management LLC acquired a new position in NiCE during the first quarter worth $44,000. Allworth Financial LP increased its holdings in NiCE by 24.6% during the second quarter. Allworth Financial LP now owns 871 shares of the technology company’s stock worth $79,000 after buying an additional 172 shares during the last quarter. Farther Finance Advisors LLC raised its position in NiCE by 36.3% during the third quarter. Farther Finance Advisors LLC now owns 928 shares of the technology company’s stock worth $103,000 after acquiring an additional 247 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in NiCE by 105.3% during the third quarter. GAMMA Investing LLC now owns 1,008 shares of the technology company’s stock worth $112,000 after acquiring an additional 517 shares in the last quarter. Institutional investors own 63.34% of the company’s stock.

Key NiCE News

Here are the key news stories impacting NiCE this week:

• Positive Sentiment: Q3 revenue rose 8% year over year to $790.7 million, including 10.6% growth in cloud revenue, and EPS of $2.84 exceeded the $2.78 consensus estimate. NiCE said results exceeded its guidance ranges. NiCE Q3 results
• Positive Sentiment: NiCE is pushing to expand AI-powered customer service in EMEA beyond enterprise pilot programs, which could support future adoption and growth. NiCE EMEA AI customer-service push
• Neutral Sentiment: Citizens JMP lowered its price target to $158 from $170 but kept a “market outperform” rating, implying substantial upside from the cited share price. The reduced target is a more cautious estimate, despite the continued positive rating. Citizens JMP recommendation
• Negative Sentiment: NiCE plans to cut about 500 jobs, roughly 5% of its workforce. The CEO tied the reductions, including in R&D, to AI-driven productivity gains; the move may improve efficiency but also raises questions about restructuring and investment priorities. CEO discusses job cuts and AI productivity
• Negative Sentiment: Despite beating quarterly estimates, earnings were below the year-ago level, and a report said non-GAAP earnings declined. That year-over-year weakness may temper the positive headline from the revenue and estimate beats. NiCE Q3 non-GAAP earnings report
• Negative Sentiment: The sale process for Actimize remains ongoing, with no update on the reported potential $2 billion Brookfield transaction. The lack of clarity leaves uncertainty around the timing and outcome. Actimize sale process update

About NiCE

NICE Ltd. (NASDAQ: NICE) is a technology company that provides cloud-based software and artificial intelligence solutions for customer experience, employee engagement, and business operations. Its platforms help organizations manage customer interactions across voice, digital, and other communication channels while using analytics and automation to improve service and operational performance.

The company’s portfolio includes NICE CXone, a cloud customer experience platform that supports contact-center operations, workforce management, analytics, and digital engagement.