Oppenheimer raised the firm’s price target on Nice to $300 from $225 and keeps an Outperform rating on the shares. The Street continues to underestimate the impact of artificial intelligence in Nice’s business, with Oppenheimer telling investors in a research note that the tangible benefits of this once-in-a-century, general purpose technology are causing enterprises to flock to cloud-based solutions, yet Nice’s market has only seen 20% cloud adoption.
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