Mizuho lowered the firm’s price target on Nice (NICE) to $185 from $220 and keeps an Outperform rating on the shares. Nice’s Q4 EPS and revenue were above consensus, driven by Product revenue, but the 2025 Cloud revenue guidance was meaningfully lower than expected, the analyst tells investors in a research note. Mizuho believes there’s newfound conservatism in the initial 2025 outlook under new CEO Scott Russell.
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