Oppenheimer analyst Shaul Eyal maintained a Buy rating on Nice-Systems (NICE) today and set a price target of $125. The company’s shares opened today at $113.95.
Eyal observed:
“We are raising our price target on NICE to $125 from $120 following strong 4Q18 results. For 4Q18, NICE delivered non-GAAP EPS/rev. of $1.47/$420M (revenue +6% y/y), beating the consensus’ $1.41/$417M. Cloud grew a very strong 29%, and NICE sees significant opportunities for X-Sight, its financial crime and compliance platform- as-a-service, cloud-delivered solution. CXone, NICE’s open cloud platform, continues to expand its presence. Looking five years further out, NICE sees itself far exceeding $2B in revenue, with the majority of revenue coming from the Cloud, and achieving operating margins in excess of 30%. NICE is leveraging key technologies such as to enable critical capabilities for its customers. Reiterate Outperform.”
According to TipRanks.com, Eyal is a top 100 analyst with an average return of 15.8% and a 68.0% success rate. Eyal covers the Technology sector, focusing on stocks such as Nuance Communications, Verint Systems Inc, and Varonis Systems.
Nice-Systems has an analyst consensus of Moderate Buy, with a price target consensus of $124.50.
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The company has a one-year high of $119.83 and a one-year low of $87.50. Currently, Nice-Systems has an average volume of 180.2K.
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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.
