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Nice CEO transition to be relatively seamless, says Wedbush

Nice CEO transition to be relatively seamless, says Wedbush

Wedbush analyst Daniel Ives reiterated an Outperform rating and $250 price target on Nice after the company delivered a “solid” quarter that feature beats on the top and bottom lines led by strong cloud revenue growth driven by CXone demand remaining strong. The biggest news of the report was Nice announcing its new CEO Scott Russell, with the anaylst saying that while Barak Eilam’s departure is a tough loss, the firm believes the transition will be relatively seamless at the CEO level.

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