Oppenheimer Maintains Outperform On Shares Of Nice-systems, $48 PT

Oppenheimer analyst Shaul Eyal maintained an Outperform rating on Nice-systems (NASDAQ:NICE) with a price target of $48.00, which represents a potential upside of 7% from where the stock is currently trading.

Eyal noted, “Nice reported strong 3Q results exceeding both revenue and EPS guidance. In addition, FY14 guidance was slightly upped. It appears as if new CEO Barak Eilam’s strategy is beginning to bear fruit, driven by an aggressive focus on relentless execution as well as streamlining parts of the operations. We believe enterprise call center trends remain healthy and highly mission-critical facilitating future healthy growth rates. We believe 3Q results could re-ignite interest in this recently stagnant and undervalued story.

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Shaul Eyal has a total average return of 8.9% and a 74.3% success rate. Eyal has an 3.4% average return when recommending NICE, and is ranked #316 out of 3363 analysts.

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