NICE Ltd. (NICE)’s Trend Up, Especially After Today’s 52-Week High Milestone

May 17, 2018 - By Jeanette Kaplan

NICE Ltd. (NASDAQ:NICE) Logo

The stock of NICE Ltd. (NASDAQ:NICE) hit a new 52-week high and has $106.33 target or 3.00 % above today’s $103.23 share price. The 9 months bullish chart indicates low risk for the $6.23 billion company. The 1-year high was reported on May, 17 by Barchart.com. If the $106.33 price target is reached, the company will be worth $186.84M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.32% or $0.33 during the last trading session, reaching $103.23. About 172,736 shares traded. NICE Ltd. (NASDAQ:NICE) has risen 35.74% since May 17, 2017 and is uptrending. It has outperformed by 24.19% the S&P500.

Analysts await NICE Ltd. (NASDAQ:NICE) to report earnings on August, 2. They expect $0.54 EPS, up 63.64 % or $0.21 from last year’s $0.33 per share. NICE’s profit will be $32.58 million for 47.79 P/E if the $0.54 EPS becomes a reality. After $0.37 actual EPS reported by NICE Ltd. for the previous quarter, Wall Street now forecasts 45.95 % EPS growth.

NICE Ltd. (NASDAQ:NICE) Ratings Coverage

Among 5 analysts covering NICE (NASDAQ:NICE), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. NICE had 6 analyst reports since December 13, 2017 according to SRatingsIntel. The firm has “Hold” rating by Chardan Capital Markets given on Wednesday, February 21. Jefferies upgraded the shares of NICE in report on Thursday, January 18 to “Buy” rating. Oppenheimer maintained it with “Outperform” rating and $100 target in Wednesday, December 13 report. RBC Capital Markets maintained it with “Hold” rating and $99.0 target in Friday, February 16 report. The stock of NICE Ltd. (NASDAQ:NICE) earned “Buy” rating by Oppenheimer on Thursday, February 15.

More notable recent NICE Ltd. (NASDAQ:NICE) news were published by: Businesswire.com which released: “NICE Announces Adaptive Workforce Optimization 2.0 to Drive Employee Engagement Through Innovative …” on May 14, 2018, also Businesswire.com with their article: “NICE Actimize Re-Invents Financial Crime Analytics with Flexible Cloud-Enabled ‘Augmented Intelligence'” published on May 11, 2018, Businesswire.com published: “NICE inContact CXone With RiverStar Improves Compliance and Reduces Training Costs and Errors for Appriss Safety” on May 16, 2018. More interesting news about NICE Ltd. (NASDAQ:NICE) were released by: Businesswire.com and their article: “NICE and NICE inContact Announce CX Excellence Award Winners at Interactions 2018, The Industry’s Largest …” published on May 16, 2018 as well as Businesswire.com‘s news article titled: “NICE To Acquire Mattersight, Bolstering its Leadership in Cloud Customer Service Analytics” with publication date: April 26, 2018.

NICE Ltd. provides enterprise software solutions worldwide. The company has market cap of $6.23 billion. The Company’s software solutions help organizations understand their clients and employees, and predict their intentions and needs to create customer experiences; understand their workforce to drive efficiency; and identify suspicious behavior to prevent financial crime, as well as non-compliant activities. It has a 44.69 P/E ratio. It operates in two divisions, Customer Engagement and Financial Crime & Compliance.

NICE Ltd. (NASDAQ:NICE) Ratings Chart

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