Nice downgraded to Hold from Buy at Jefferies

Jefferies analyst Samad Samana downgraded Nice (NICE) to Hold from Buy with a price target of $200, down from $215. The firm thinks consensus estimates for the company’s cloud growth in 2025 are too high and the CEO transition could create near-term disruption. Non-contact center as a service vendors are encroaching on the market, increasing Nice’s competitive pressure, the analyst tells investors in a research note. Jefferies believes the stock “will likely be challenged through at least” the first half of 2025.