NICE Ltd. (NASDAQ:NICE) ranks among the best big data stocks to invest in. On December 23, Piper Sandler reiterated its Neutral rating and $122 price target for NICE Ltd. (NASDAQ:NICE), voicing concern about NICE’s capability to meet its Cloud targets for 2028 without significant M&A operations.
Piper Sandler praised NICE’s recent acquisition of Cognigy as an important move toward the conversational AI sector, though it pointed out that private competitors like Sierra.AI seem to have more traction across this area.
Additionally, Piper Sandler said that NICE had a number of ways to generate value for shareholders, such as possibly selling off its FCC division, though it projected that the stock will “remain pressured” owing to market pessimism regarding the company’s mid-term goals.
On the other hand, Wedbush analyst Daniel Ives downgraded NICE Ltd. (NASDAQ:NICE) to Neutral from Outperform on December 8 as the company faces a rapidly challenging CX AI landscape while providing ambitious long-term goals announced at its Capital Markets Day at the cost of near-term margins, which the firm considers a risky compromise.
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. The company employs artificial intelligence and analytics to avoid fraud and ensure AML compliance.
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Disclosure: None. This article is originally published at Insider Monkey.