NICE Systems Ltd (NICE) PT Lowered to $265 at RBC Capital
RBC Capital analyst Rishi Jaluria lowered the price target on NICE Systems Ltd (NASDAQ: NICE) to $265.00 (from $285.00) while maintaining a Outperform rating.
The analyst comments "NICE reported solid results, however, an unexpected CEO transition led shares down 13% today (vs. IGV flat). To us, a CEO transition represents meaningful risk. Over the past decade, Barak Eilam architected two major business transformations at NICE (including cloud via InContact). With another pivotal moment around GenAI, we believe a successor has big shoes to fill. As for the quarter, numbers were solid overall and FY guidance was as expected (revenue unchanged, EPS raised on Q1 upside), however, we're not big fans of the lack of disclosures around LiveVox contribution."