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.

Citizens JMP Analyst Reiterates Market Perform Rating on NICE (NICE) Stock

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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.

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