NICE Ltd ADR (NICE) stock price forecast predicts $266.5 value

NICE Ltd ADR [NICE] stock prices are down -0.35% to $260.30 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NICE shares have gain 8.99% over the last week, with a monthly amount glided 9.28%, and seem to be holding up well over a long-time horizon.

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On 25, March 2024, NICE Delivers Major CX AI Milestone with Enlighten Managing 100 Million Customer Interactions Per Month. In a post published today on Yahoo Finance, Organizations of all sizes across industries utilize NICE Enlighten, NICE’s AI purpose-built for CX, to optimize, automate and augment consumer and employee experience.

From an analyst’s perspective:

NICE Ltd ADR [NASDAQ: NICE] stock has seen the most recent analyst activity on March 13, 2024, when DA Davidson upgraded its rating to a Buy and also boosted its price target to $300 from $250. Previously, Northland Capital started tracking the stock with Outperform rating on January 30, 2024, and set its price target to $300. On October 16, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $220 on the stock. DA Davidson started tracking the stock assigning a Neutral rating and suggested a price target of $190 on September 29, 2023. William Blair initiated its recommendation with a Outperform. Mizuho started tracking with a Buy rating for this stock on May 31, 2023, and assigned it a price target of $244. In a note dated January 17, 2023, Piper Sandler upgraded an Overweight rating on this stock but restated the target price of $227.

The stock price of NICE Ltd ADR [NICE] has been fluctuating between $149.54 and $262.19 over the past year. Currently, Wall Street analysts expect the stock to reach $266.5 within the next 12 months. NICE Ltd ADR [NASDAQ: NICE] shares were valued at $260.30 at the most recent close of the market. An investor can expect a potential return of 2.38% based on the average NICE price forecast.

Analyzing the NICE fundamentals

The NICE Ltd ADR [NASDAQ:NICE] reported sales of 2.38B for trailing twelve months, representing a surge of 9.61%. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.11 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.2.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 256.66 points at the first support level, and at 253.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 267.34, and for the 2nd resistance point, it is at 274.37.

NICE Ltd ADR [NICE] reported earnings per share of $2.36 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.26/share, meaning a difference of $0.1 and a surprise factor of 4.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.27 per share as compared to estimates of $2.15 per share, a difference of $0.12 representing a surprise of 5.60%.

Ratios To Look Out For

It’s worth pointing out that NICE Ltd ADR [NASDAQ:NICE]’s Current Ratio is 2.06. Also, the Quick Ratio is 2.31, while the Cash Ratio stands at 0.46. Considering the valuation of this stock, the price to sales ratio is 6.93, the price to book ratio is 5.18 and price to earnings (TTM) ratio is 51.05.

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