NICE’s 2023 Investor Day Review 
<p>Oppenheimer analysts provided their key takeaways from <a href='https://financialmodelingprep.com/financial-summary/NICE'>NICE Ltd. (NASDAQ:NICE)</a> 2023 Investor Day, which articulated a clear strategy to deliver continued profitable growth as the Cloud, Digital, and AI megatrends converge. </p>
<p>Since 2014, the company's TAM (Total Addressable Market) has grown at a 10% CAGR to $8 billion. However, it expects this to accelerate to a 22% CAGR for $22 billion in 2027, as (1) Cloud adoption reaches the steepest part of the s-curve, (2) enterprises demand holistic customer service platforms, and most importantly, (3) AI technology replaces human labor. </p>
<p>Despite investor jitters, Oppenheimer analysts believe the company is shaping up as one of the best AI pure plays, with its 20-plus years of labeled customer data, proprietary transformer models, and now ChatGPT. The analysts reiterated their Outperform rating and $279 price target on the stock.</p>

NASDAQ:NICE