Oppenheimer Believes Nice-Systems (NICE) Still Has Room to Grow


In a report issued on May 17, Shaul Eyal from Oppenheimer maintained a Buy rating on Nice-Systems (NASDAQ: NICE), with a price target of $115. The company’s shares closed yesterday at $105.45, close to its 52-week high of $106.08.

According to TipRanks.com, Eyal is a 5-star analyst with an average return of 14.4% and a 65.8% success rate. Eyal covers the Technology sector, focusing on stocks such as Nuance Communications, Verint Systems Inc, and Varonis Systems.

Currently, the analyst consensus on Nice-Systems is Moderate Buy and the average price target is $108.75, representing a 3.1% upside.

In a report issued on May 16, Jefferies also maintained a Buy rating on the stock with a $119 price target.

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Based on Nice-Systems’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $23.97 million. In comparison, last year the company had a net profit of $17.84 million.

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NICE Ltd. engages in the provision of enterprise software solutions and services. It operates through the following segments: Customer Interactions Solutions, Security Solutions, and Financial Crime and Compliance Solutions.

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