DA Davidson Raises NICE (NICE) Price Target, Maintains Buy Rating
DA Davidson raised its price target on NICE Ltd. (NASDAQ:NICE) to $195 from $185 while maintaining a Buy rating, following the company's Interactions 2025 event and recent partnership updates. The firm highlighted NICE's strengthened collaborations with Amazon Web Services and Snowflake, which aim to accelerate the use of artificial intelligence in customer experience (CX) applications.
A data scientist sitting in front of a monitor to review the performance of AI-driven digital business solutions.
The research note emphasized that these strategic alliances could significantly enhance NICE's ability to deliver scalable, AI-powered solutions to enterprise clients. DA Davidson believes the partnerships with AWS and Snowflake position NICE favorably as more organizations look to modernize CX platforms with real-time data and machine learning tools. Following the event and new business developments, the firm raised its earnings estimates. It now forecasts fiscal year 2025 earnings per share of $12.40, up $0.06 from its prior view. The fiscal 2026 forecast was also increased by $0.56 to $13.27, reflecting expectations of growing contributions from recent enterprise deals and limited macroeconomic pressures.
DA Davidson noted that NICE Ltd. (NASDAQ:NICE) continues to show solid execution in expanding its AI product offerings and enterprise footprint. The raised price target and revised earnings outlook reflect greater confidence in the company's growth trajectory and its ability to capitalize on rising demand for intelligent CX solutions.
While we acknowledge the potential of NICE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NICE and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 10 Best Small Cap Tech Stocks With Biggest Upside Potential and 7 Most Popular AI Penny Stocks Under $5 To Avoid.
Disclosure: None.
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