NICE Ltd ADR (NICE) stock expected to gain 57.07% in the coming months

NICE Ltd ADR [NICE] stock prices are up 2.37% to $170.89 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NICE shares have gain 5.00% over the last week, with a monthly amount drifted -4.13%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

NICE Ltd ADR [NASDAQ: NICE] stock has seen the most recent analyst activity on April 23, 2024, when Rosenblatt initiated its Buy rating and assigned the stock a price target of $285. Previously, DA Davidson upgraded its rating to Buy on March 13, 2024, and elevated its price target to $300. On January 30, 2024, Northland Capital initiated with a Outperform rating and assigned a price target of $300 on the stock. Morgan Stanley upgraded its rating to a Overweight and decreased its price target to $220 on October 16, 2023. DA Davidson initiated its recommendation with a Neutral and recommended $190 as its price target on September 29, 2023. In a note dated May 31, 2023, Mizuho initiated an Buy rating and provided a target price of $244 on this stock.

The stock price of NICE Ltd ADR [NICE] has been fluctuating between $149.54 and $270.73 over the past year. Currently, Wall Street analysts expect the stock to reach $268.42 within the next 12 months. NICE Ltd ADR [NASDAQ: NICE] shares were valued at $170.89 at the most recent close of the market. An investor can expect a potential return of 57.07% based on the average NICE price forecast.

Analyzing the NICE fundamentals

The NICE Ltd ADR [NASDAQ:NICE] reported sales of 2.55B for trailing twelve months, representing a surge of 14.33%. Gross Profit Margin for this corporation currently stands at 0.67% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.12 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.14.

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 168.61 points at the first support level, and at 166.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 172.33, and for the 2nd resistance point, it is at 173.78.

Ratios To Look Out For

It’s worth pointing out that NICE Ltd ADR [NASDAQ:NICE]’s Current Ratio is 2.45. In addition, the Quick Ratio stands at 2.45 and the Cash Ratio stands at 0.79. Considering the valuation of this stock, the price to sales ratio is 4.22, the price to book ratio is 3.14 and price to earnings (TTM) ratio is 28.53.

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