Nice elevated to ‘Best-of-Breed Bison’ at DA Davidson

DA Davidson elevated Nice to the firm’s ‘Best-of-Breed Bison’ list while maintaining a Buy rating and $300 price target on the stock. The firm is positive on the company’s leadership in the growing CCaaS industry and strong financial position to capitalize on business opportunities and drive long term growth, the analyst tells investors in a research note. NICE is also trading at a significant discount to intrinsic value, especially amid a multi-year growth outlook, DA Davidson added.