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NICE Systems Ltd (NICE) PT Raised to $260 at Jefferies

August 19, 2022 8:28 AM EDT
Get Alerts NICE Hot Sheet
Price: $193.55 -3.95%

Rating Summary:
    11 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 9 | Down: 9 | New: 24
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Jefferies analyst Samad Samana raised the price target on NICE Systems Ltd (NASDAQ: NICE) to $260.00 (from $225.00) while maintaining a Buy rating following beat.

The analyst commented, "NICE beat consensus for total rev and EPS due to Product and Service rev. Cloud rev fell a touch short. Mgmt raised the FY22 total rev and EPS outlook by more than the beat, but only maintained the Cloud rev outlook (+27% y/y). We believe NICE's relative outperformance YTD, the lower-quality source of upside, and the lack of upside on Cloud rev account for today's modest downtick in the stock despite the solid results. We remain positive, raise PT to $260."



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