Cantor Fitzgerald Issues Pessimistic Forecast for NICE (NASDAQ:NICE) Stock Price

NICE (NASDAQ:NICE) had its price objective reduced by Cantor Fitzgerald from $176.00 to $161.00 in a report published on Friday morning,Benzinga reports. They currently have a neutral rating on the technology company’s stock. Cantor Fitzgerald also issued estimates for NICE’s FY2025 earnings at $9.90 EPS.

Several other equities research analysts have also recently weighed in on NICE. Northland Securities dropped their price objective on NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, November 15th. DA Davidson dropped their price target on NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, November 15th. StockNews.com downgraded shares of NICE from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 17th. Jefferies Financial Group restated a “hold” rating and issued a $200.00 price objective (down from $215.00) on shares of NICE in a report on Thursday, December 19th. Finally, Rosenblatt Securities cut their target price on shares of NICE from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, NICE has an average rating of “Moderate Buy” and a consensus price target of $235.29.

NICE Stock Performance

Shares of NICE stock opened at $155.39 on Friday. NICE has a 52-week low of $147.38 and a 52-week high of $270.73. The company’s 50 day moving average price is $170.08 and its 200-day moving average price is $173.01. The stock has a market capitalization of $9.77 billion, a price-to-earnings ratio of 22.99, a P/E/G ratio of 1.07 and a beta of 1.06.

NICE (NASDAQ:NICE) last released its quarterly earnings data on Thursday, February 20th. The technology company reported $2.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.71). The firm had revenue of $721.60 million during the quarter, compared to analysts’ expectations of $718.47 million. NICE had a net margin of 16.18% and a return on equity of 16.17%. As a group, equities research analysts forecast that NICE will post 9.85 earnings per share for the current fiscal year.

Institutional Trading of NICE

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Avion Wealth purchased a new position in NICE during the fourth quarter valued at $25,000. Tradewinds Capital Management LLC bought a new position in shares of NICE during the fourth quarter valued at $25,000. Anchor Investment Management LLC raised its position in shares of NICE by 200.0% in the 4th quarter. Anchor Investment Management LLC now owns 150 shares of the technology company’s stock worth $25,000 after purchasing an additional 100 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in NICE by 208.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 148 shares of the technology company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Finally, McIlrath & Eck LLC grew its position in NICE by 56.9% during the 4th quarter. McIlrath & Eck LLC now owns 160 shares of the technology company’s stock valued at $27,000 after purchasing an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.

About NICE

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform; Enlighten, an AI engine for the customer engagement market; and smart self service enable organizations to address consumers' needs; and journey orchestration solutions that empower organizations to connect and route customers to deal with the customer's request, and connects them using real time AI-based routing.