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Research Alert: CFRA Maintains Hold Rating On Shares Of Nice Ltd.

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CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our target price to $100, from $109, on a forward P/E of 8x our 2027 EPS projection of $12.47, below its three-year average. We increase our 2026 EPS estimate to $11.09 from $10.89 and raise our 2027 EPS forecast to $12.47 from $12.07. NICE reported Q1 revenue of $769M, up 10% Y/Y and exceeding guidance, with cloud revenue of $603M growing 14.6% Y/Y (12% excluding Cognigy). CX AI and self-service ARR surged 66% Y/Y to $345M, with 100% of CXone enterprise deals including AI solutions and average deal sizes rising double digits. Non-GAAP operating margin contracted to 26% from 30.5% in Q1 2025, reflecting higher investments. The lighter full-year cloud growth guidance to 13%-15% from 14.5%-15% drew attention. Management cited proactive pricing discounts offered to large customers at renewals in exchange for broader AI commitments and faster deal closures. While we view Q1 momentum positively, we are concerned that pricing concessions may signal weakening pricing power in a more competitive environment.

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