Cantor Fitzgerald lowered the firm’s price target on Nice (NICE) to $161 from $176 and keeps a Neutral rating on the shares. Nice reported strong Q4 results, driven by Financial Crime and Compliance and an uptick in Product revenue, while CX and Cloud revenue slightly missed expectations, the analyst tells investors in a research note. The company also guided lower, driven by what management called “prudent” guidance for Cloud at 12% growth vs. the Street, Cantor adds.
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