DA Davidson axes Nice price target, says reiteration of guidance underwhelms

DA Davidson lowered the firm’s price target on Nice (NICE) to $150 from $195 and keeps a Neutral rating on the shares following Q2 results. Positive new enterprise deal activity and strong AI/self-service adoption this quarter were offset by LiveVox customer churn, the firm told investors in a research note. Despite this surprise, management maintained its 2025 revenue guide and raised its EPS outlook which excludes contributions from the pending acquisition of Cognigy. DA Davidson added that the reiteration of guidance underwhelms