NICE Reports 27% Year-Over-Year Cloud Revenue Growth for the First Quarter 2024
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May 17, 2024 6:10 AM EDT
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... More
May 17, 2024 4:46 AM EDT
BofA Securities analyst Michael J. Funk lowered the price target on NICE Systems Ltd (NASDAQ: NICE) to $270.00 (from $300.00) while maintaining a Buy rating.
The analyst comments "Contact center software company NICE reported industry leading revenue growth of 15.3% YoY, but the announced CEO... More
May 17, 2024 4:40 AM EDT
(Updated - May 17, 2024 5:09 AM EDT)
DA Davidson analyst Gil Luria reiterated a Buy rating and $300.00 price target on NICE Systems Ltd (NASDAQ: NICE).
The analyst comments "On the heels of our upgrade note, NICE reported strong results ahead of our expectations, albeit noisy given the acquisition of LiveVox which closed on... More
May 16, 2024 2:23 PM EDT
Morgan Stanley analyst Nawar Cristini reiterated an Overweight rating and $290.00 price target on NICE Systems Ltd (NASDAQ: NICE).
The analyst comments "Continue to view NICE as leader in $26bn CCaaS / Convo AI opportunity, though CEO transition comes at inopportune time given debate... More
May 16, 2024 2:00 PM EDT
RBC Capital analyst Rishi Jaluria reiterated an Outperform rating and $285.00 price target on NICE Systems Ltd (NASDAQ: NICE).
The analyst comments "NICE reported decent results, but guidance was mixed, leading shares down ~7% pre-market. Results were highlighted by 27% cloud growth or 18% organic (by our estimates), but FY24 total revenue guidance was maintained (with no comment on cloud revenue growth) and EPS guidance was slightly raised.... More
May 16, 2024 1:39 PM EDT
Jefferies analyst Samad Samana lowered the price target on NICE Systems Ltd (NASDAQ: NICE) to $230.00 (from $280.00) while maintaining a Buy rating.
The analyst comments "NICE shocked investors with a CEO transition and underwhelmed them with a low-quality, product rev driven 1Q24... More
