DA Davidson raised the firm’s price target on Nice to $250 from $190 and keeps a Neutral rating on the shares. The company’s strong Q4 results stem from a continuation of strong underlying growth dynamics and improving profitability, the analyst tells investors in a research note. Nice’s top and bottom line beat this quarter reinforce the firm’s belief that NICE is a leader in CCaaS harvesting its existing customer base while displacing legacy vendors due to its valuable platform offering and successful track record of enterprise cloud migrations, DA Davidson added.
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