Nice initiated with an Outperform at William Blair

William Blair analyst Matt Stotler initiated coverage of Nice with an Outperform rating and no price target. Nice is a leader in the customer engagement market and provides both on-premises and cloud-based contact center solutions to over 25,000 customers across various industries, the analyst tells investors in a research note. The firm believes the company can achieve a recurring revenue mix of 90% by 2025. It sees strong secular demand drivers and a large market opportunity for Nice.