Citizens JMP Reiterates Market Perform Rating on NICE Ltd. (NICE)

On May 16, Patrick Walravens from Citizens JMP maintained a Market Perform rating on NICE Ltd. (NASDAQ:NICE) with a price target of $300, following the positive earnings during Q1 FY2025.

The company posted revenue of $700.13 million, up 6% year-over-year, and earnings per share were logged at $2.87, both in line with analyst estimates. Walravens remains positive about NICE as the company’s cloud revenue soared 12% year-over-year, driven by its growing AI offering, particularly the CXone Mpower platform.

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NICE CEO Scott Russell, mentioned that the company experienced a 39% increase in AI and self-service revenue in Q1. This shows NICE’s robust development and alignment with market trends towards automation and AI-driven customer service solutions. NICE Ltd. has raised its full-year 2025 earnings guidance and expects it to be in the range of $12.28 and $12.48. For the second quarter of 2025, the company expects revenue between $709 million and $719 million, indicating a 7% growth from a year ago.

NICE Ltd. (NASDAQ:NICE), along with its subsidiaries, provides cloud platforms for AI-driven business solutions. It integrates AI and ML in its core offerings, such as customer experience, workforce optimization solutions, and contact centers.

While we acknowledge the potential of NICE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NICE and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure. None.