NICE Systems’ Price Target Raised at Citi
<p>Citi analysts increased their target price for <a href='https://financialmodelingprep.com/financial-summary/NICE'>NICE Systems (NASDAQ:NICE)</a> to $338.00, up from $278.00, while maintaining a Buy rating. </p>
<p>The analysts expect the upcoming Q2 results (scheduled on Aug 17) to outperform, driven by positive partner feedback and discussions at the NICE Interactions conference. They predict a 1-1.5% top-line beat, with benefits from new engagements and postponed Q1 deals. CIO survey indicated an enhanced prioritization of CCaaS (Contact Center as a Service) and the first increase in the IT budget since September 2021.</p>
<p>Though NICE's federal activity is weaker year-over-year, the analysts remain optimistic, projecting sustained double-digit growth and expanding margins due to GenAI upselling, as the company gradually adopts a usage-based revenue model.</p>

NASDAQ:NICE