NICE (NICE – Research Report), the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Michael Funk from Bank of America Securities reiterated a Buy rating on the stock and has a $200.00 price target.
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Michael Funk’s rating is based on NICE’s solid performance and strategic positioning in the market. The company reported first-quarter results that aligned with expectations, maintaining its revenue guidance for 2025. This stability, coupled with a significant new contract with a European government and strong growth in cloud and service annual recurring revenue, highlights NICE’s potential for future growth.
Funk also emphasizes the role of artificial intelligence as a long-term driver for expanding the total addressable market in contact center as a service (CCaaS). Despite some concerns about enterprise migration and competitive pressures, Funk believes NICE is well-positioned to capture market share. The company’s ability to improve its financial metrics, such as operating margins and free cash flow generation, further supports the Buy rating, with a price objective set at $200.
In another report released today, Citizens JMP also maintained a Buy rating on the stock with a $300.00 price target.