Morgan Stanley Initiates NICE Ltd (NICE) With a Buy

​NICE Ltd. (NASDAQ:NICE) is one of the Best Beaten Down Growth Stocks to Buy According to Analysts. On October 21, Morgan Stanley assumed coverage of NICE Ltd. (NASDAQ:NICE) with an Overweight rating and a $193 price target.

​The firm noted that the Q3 checks for the software segment were generally stable. However, it was moderate considering the performance from Q1 to Q2. Morgan Stanley notes that while expectations for the software segment are low, any potential upside is unlikely to change investor sentiment.

​In addition to Morgan Stanley, on October 12, Samad Samana from Jefferies also initiated coverage of NICE Ltd. (NASDAQ:NICE) with a Hold rating and a price target of $152.

The company is set to release its FQ3 results on November 13. Management during the second quarter earnings release noted they expect third quarter non-GAAP revenue in the range of $722 million to $732 million, indicating 5% year-over-year growth at the midpoint. In addition, the non-GAAP diluted EPS is anticipated in the range of $3.12 to $3.22, reflecting 10% year-over-year growth.

​NICE Ltd. (NASDAQ:NICE) is an international enterprise software provider that provides software that helps businesses improve customer interactions and prevent financial crimes.

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.