JMP Maintains Market Outperform Rating on NICE (NICE) as AI Revenue Surges

NICE Ltd. (NASDAQ:NICE) ranks among the best mid-cap stocks with huge upside potential. JMP Securities reaffirmed its Market Outperform rating and $300 price target for NICE Ltd. (NASDAQ:NICE) on August 26, noting the company’s growing AI capabilities.

According to the firm, NICE’s AI business expanded 42% to $238 million in the most recent quarter. The acquisition of Cognigy, which is expected to finalize in the fourth quarter, is expected to contribute to further growth.

JMP Projects Cognigy’s annual recurring revenue is expected to be $47 million this year, rising to more than $85 million by 2026, increasing NICE’s leadership in the AI-driven customer experience industry.

NICE Ltd. (NASDAQ:NICE) offers AI-powered cloud platforms for digital business solutions across the world. Its services include CXone for customer experience, the Enlighten AI engine, and smart self-service solutions.

While we acknowledge the potential of NICE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.