Nice price target lowered to $136 from $152 at Jefferies

Jefferies lowered the firm’s price target on Nice (NICE) to $136 from $152 and keeps a Hold rating on the shares following the capital markets day. The company’s financial outlook overshadowed management’s focus on growth opportunities within artificial intelligence data enter, the analyst tells investors in a research note. The firm says Nice’s investments will result in material near-term operating margin dilution. The company’s fiscal 2028 targets are back-loaded and “accelerating at scale is no easy task,” contends Jefferies. It believes the stock “will likely be stuck in a No Man’s Land between growth/value.”