NICE (NICE) Company Overview

In the latest trading session, Nice (NICE) finished at $173.87, showing an increase of 0.42% compared to the day before.

Delray Beach, FL, Feb. 05, 2025 (GLOBE NEWSWIRE) -- A recent report by MarketsandMarkets™ predicts that the Contact Center Software Market will increase from USD 41.9 billion in 2023 to USD 109.7 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 21.2%. This growth is largely driven by the ongoing shift towards cloud-based contact center solutions worldwide.

NICE is currently undervalued, as it is trading at a lower price despite its strong growth and profits, which is partly influenced by its Israeli base and doubts about its future growth. The company's CXone platform is a major contributor to its cloud revenue growth, and there is still a big chance for expansion in cloud services and AI-based customer engagement. While NICE has a strong position in the market due to high switching costs and essential solutions, it may face competition from new AI companies targeting small and medium-sized businesses.

Nice (NICE) has recently caught the attention of Zacks.com users. Therefore, it's important to look into what the future holds for this stock.

In the latest trading session, Nice (NICE) finished at $165, which is a decrease of 0.6% compared to the day before.

Nice (NICE) closed at $161.88 on the most recent trading day, showing an increase of 0.52% from its previous closing price.

NICE Ltd. provides solutions for customer experience, financial crime, compliance, and public safety, and has a successful business model that mainly relies on recurring revenue. The stock price is currently 50% lower than its peak in 2021, making it a good opportunity for long-term investors. Although there have been changes in leadership and some risks, the company's low valuation and strong business model help reduce potential challenges.

NICE Ltd. is in a strong position to take advantage of the expanding market for CCaaS and conversational AI, thanks to its main product, the CXone platform. This platform offers a complete solution for customer service and is well-known in the market, leading to major productivity improvements for large companies. Additionally, NICE's Cloud division is growing quickly, with AI tools such as Copilot and AutoSummary being widely adopted, which helps boost overall revenue.

Nice (NICE) finished the most recent trading session at $165.52, which is an increase of 1.92% compared to the previous day.