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Investing.com - Citizens JMP has reiterated its Market Outperform rating and $300.00 price target on NICE Systems Ltd (NASDAQ:NICE), according to a recent analyst note. The company, currently valued at $10.9 billion, appears undervalued according to InvestingPro analysis, with a PEG ratio of 0.81 indicating attractive pricing relative to growth.
The firm maintained its positive stance on NICE after the company received an $8.5 million award from the Federal Aviation Administration.
Citizens JMP also noted that Bloomberg reported on July 1 that Thoma Bravo is in talks to acquire Verint, which the analyst views as a sign of merger and acquisition activity returning to the customer experience sector.
The analyst highlighted that NICE stock has increased 1% year to date, underperforming compared to broader market indices.
For context, the Russell 3000 has risen 6% and the S&P 500 has gained 7% during the same period.
In other recent news, NICE Systems has reported several significant developments. The company announced that its AI and Self-Service annual recurring revenue reached $208 million in the first quarter of 2025, marking a 39% increase from the previous year. DA Davidson raised its price target for NICE Systems to $195, maintaining a Buy rating, following the company’s strategic expansions and partnerships. Among these partnerships is an expanded relationship with Amazon (NASDAQ:AMZN) Web Services (AWS) to enhance AI-powered customer service solutions, integrating AWS’s generative AI services into NICE’s platforms. Morgan Stanley (NYSE:MS) reiterated its Overweight rating with a $202 price target, citing the company’s accelerating AI adoption as a key factor. Cantor Fitzgerald maintained a Neutral rating with a $161 price target but noted a positive shift in NICE’s market strategy towards an AI platform. JMP Securities also reiterated its Market Outperform rating with a $300 price target, highlighting positive feedback from large enterprises like Walmart (NYSE:WMT) and Disney (NYSE:DIS). These developments underscore NICE Systems’ strategic focus on AI and international growth, with plans to provide further financial updates at an upcoming Capital Markets Day.
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