NICE Systems Ltd (NICE) PT Raised to $260 at RBC Capital

RBC Capital analyst Rishi Jaluria raised the price target on NICE Systems Ltd (NASDAQ: NICE) to $260.00 (from $230.00) while maintaining a Outperform rating.

The analyst comments "NICE reported a better-than-feared quarter, leading shares up 4% intraday (vs. IGV up 2% as of 2PM ET). We were encouraged to see a promising
incoming-CEO, Scott Russell, named to succeed current management in 2025. While transition risks remain, naming a successor may ease some investor concerns. Q2 results were decent, marked by minimal top line upside, a slight cloud miss, but an EPS beat. The macro environment was unchanged, but large enterprise deal momentum was strong. All in, we raise on PT on higher FCF estimates."

You May Also Be Interested In

• RBC Capital Reiterates Sector Perform Rating on Freehold Royalties Ltd. (FRU:CN) (FRHLF)
• Envista Holdings Corp. (NVST) PT Lowered to $27 at UBS, Neutral Rating Maintained
• Trump says U.S. and Denmark reached permanent security deal over Greenland