Oppenheimer downgraded Nice (NICE) to Perform from Outperform without a price target The company’s organic cloud growth continues to slow, decelerating to 16% from 21% last year, the analyst tells investors in a research note. The firm says that while Nice’s bookings for new digital and artificial intelligence services have been strong, implementation has taken longer than expected as it has for most AI applications. It looks for a better entry point and a reacceleration of cloud growth.
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Read More on NICE:
- NICE Ltd. Reports Robust Q3 with Cloud Revenue Surge
- Nice price target lowered to $215 from $230 at Jefferies
- Nice price target lowered to $250 from $270 at BofA
- Nice downgraded to Neutral at Piper after ‘disappointing results’ in Cloud
- Nice downgraded to Neutral from Overweight at Piper Sandler
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