Nice Building 'Right Platform' for Future of Enterprise Customer Experience, RBC Says

MT Newswires Live06-10 23:37

Nice (NICE) is building the "right platform" for the future of enterprise customer experience despite near-term uncertainty around revenue conversion, RBC Capital Markets said in a report emailed Wednesday.

Following the company's annual customer conference and investor day, the analysts at the firm came away "incrementally positive" on the company, citing strong artificial intelligence adoption, the full integration of Cognigy into the CXone platform, and an expanding partner ecosystem. Management left its fiscal 2026 guidance and fiscal 2028 targets unchanged, the firm said.

The firm noted that AI adoption continues to gain traction, with all customer experience and contact center-as-a-service deals over the past three quarters including AI capabilities. AI customers generate 36% higher average revenue per user and 4.5 times higher average revenue per customer than non-AI customers, according to the report.

RBC has an outperform rating on Nice with a price target of $130.

Price: 87.94, Change: -0.69, Percent Change: -0.77

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment