Nice price target lowered to $275 from $305 at Northland

Northland lowered the firm’s price target on Nice to $275 from $305 and keeps an Outperform rating on the shares. Nice reported record bookings, in line revenue and EPS that outperformed expectations, the analyst tells investors in a research note. Cloud revenue was a little light, with management citing longer deployment cycles at large customers, the firm says, adding that macro influences are present in certain pockets of software, and topics for 2H will be seasonality of healthcare and retail vertical and deployment timeframes.