Piper Sandler Raises NICE (NICE) Price Target After $100 Million ARR Contracts

NICE Ltd. (NASDAQ:NICE) ranks among the best cloud stocks to buy according to Wall Street analysts. Piper Sandler maintained its rating for NICE Ltd. (NASDAQ:NICE) at Neutral while increasing its price target to $182 from $153 on June 13. According to the firm, NICE recently secured two contracts worth over $100 million in annual recurring revenue (ARR), among other significant enterprise deals. These major agreements, expected to affect the company’s financial performance mainly in 2026–2027, may also cause cloud revenue to pick up speed again.

NICE Ltd. (NASDAQ:NICE) has gained significant business clients in recent years, despite the enterprise transition cycle from on-premise to cloud contact center as a service (CCaaS) moving more slowly than first expected, according to Piper Sandler.

NICE Ltd. (NASDAQ:NICE) offers cloud platforms for AI-driven business solutions. It incorporates AI and ML into its main products, which include contact centers, staffing solutions, and customer experience.

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