Nice price target raised to $260 from $230 at RBC Capital

RBC Capital analyst Rishi Jaluria raised the firm’s price target on Nice to $260 from $230 and keeps an Outperform rating on the shares. The company reported a better-than-feared quarter, and the firm was also encouraged to see a promising incoming-CEO, Scott Russell, named to succeed the current management in 2025, the analyst tells investors in a research note. Nice’s Q2 results were decent, marked by minimal top line upside, a slight cloud miss, but an EPS beat, and the macro environment was unchanged with large enterprise deal momentum seen as “strong”, RBC adds.