Morgan Stanley lowered the firm’s price target on Nice (NICE) to $160 from $193 and keeps an Overweight rating on the shares. The company’s analyst day highlighted a significant runway to capitalize on AI across its platform and accelerate revenue growth, but executing to the opportunity is “not without costs” as heavier near-term investment to capture the opportunity weighs on margins and free cash flow, the analyst tells investors.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NICE:
- Nice price target lowered to $133 from $154 at Cantor Fitzgerald
- NICE’s Strategic Cloud Growth and AI Expansion Justify Buy Rating Despite Short-term Margin Impact
- Nice price target lowered to $150 from $185 at Mizuho
- Nice price target lowered to $175 from $190 at RBC Capital
- Nice price target lowered to $136 from $152 at Jefferies