Piper Sandler Neutral on NICE Ltd. (NICE) Post Q4

NICE Ltd. (NASDAQ:NICE) is one of the 15 Most Undervalued NASDAQ Stocks to Buy According to Wall Street Analyst.

Piper Sandler analyst James Fish, on February 23, slightly increased his target price on Nice by 1.6% to $124 (from $122) and retained the firm’s Neutral call on the stock. The target price increase was driven by Q4 earnings (released on February 19), which mostly met the expectations of both management and analysts.

For the fourth-quarter, the company delivered $3.24 in adjusted diluted earnings per share (vs. $3.21 street consensus) on $786.5 million in net revenue (vs. $779.9 million street consensus). AI adoption and customer expansion were key drivers for this result, with annual recurring revenue from this segment growing 66% YoY and now accounting for 13% of cloud service revenue. Management expects this growth to continue in 2026, given the 20+% growth in backlog revenue.

This solid Q4 print should provide some relief to the company’s stock price (which was down ~15% year-to-date at one point), following the overall software meltdown at the start of the year and the company’s disappointing Capital Markets Day presentation (which showed a decline in free cash flow).

NICE Ltd. (NASDAQ:NICE) provides enterprise software solutions and services, focusing on the following segments: Customer Engagement, Financial Crime, and Compliance. The company is based in Raanana, Israel, and was founded in September 1986.

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