-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
We raise our target price to $109 from $104, on a forward P/E of 9x our 2027 EPS projection of $12.07, below its three-year average on weaker earnings growth. We lower our 2026 EPS estimate to $10.89 from $10.91 and raise our 2027 EPS forecast to $12.07 from $12.06. Our rating upgrade reflects our views on NICE's valuation and AI adoption momentum, partially offset by macroeconomic uncertainty from the continuing Iran conflict and AI displacement risks. Although risks have increased, we note encouraging AI demand reported by software vendors, and see potential for NICE's AI ARR to scale faster than expected. Agentic tools are also gaining traction in the enterprise as firms double down on automation, and the addition of Cognigy is likely to broaden and improve pipeline activity in the coming quarters. While we remain cautious of NICE's outlook, we think its current valuation (multiple has compressed 12% since our last update) sufficiently bakes in these risks.