Mizuho lowered the firm’s price target on Nice (NICE) to $150 from $185 and keeps an Outperform rating on the shares. The firm views the estimate reset coming out of the capital markets day as a buying opportunity. Investor push-back centered on the lower margin outlook tied to higher investment levels and skepticism that Nice’s incremental spend will translate into accelerating revenue growth, the analyst tells investors in a research note. However, Mizuho believes the company is showing confidence in capturing share.
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