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
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

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."

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Related Entities

Jefferies & Co