- RBC Capital analyst Rishi Jaluria upgraded NICE Ltd NICE to Outperform rating from Sector Perform. RBC raised the price target to $300 from $266.
- The price target signifies a 17.8% upside to current levels.
- Jaluria considered contact center in the "early innings" as a service adoption. Additionally, Nice's CXone cloud contact center platform had "differentiated itself."
- Nice's total revenue growth should accelerate to sustained double-digit organic growth, and its margins have room to expand, Jaluria's research note stated.
- Jaluria viewed the shares as "compellingly valued at current levels.
- The stock gained 17.9% in the last month.
- Price action: NICE shares traded higher by 1% at $255.21 premarket on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
