Wedbush Initiates a Buy Rating on Nice-Systems (NICE)

By Carrie Williams

Nice-Systems (NASDAQ: NICE) received a Buy rating and a $130 price target from Wedbush analyst Jennifer Redding yesterday. The company’s shares opened today at $107.13.

According to TipRanks.com, Redding is a 2-star analyst with an average return of 2.4% and a 25.0% success rate. Redding covers the Technology sector, focusing on stocks such as Nuance Communications, Tenable Holdings Inc, and Verint Systems Inc.

Nice-Systems has an analyst consensus of Strong Buy, with a price target consensus of $124.

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Nice-Systems’ market cap is currently $6.46B and has a P/E ratio of 38.66. The company has a Price to Book ratio of 3.43.

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NICE Ltd. engages in the provision of enterprise software solutions and services. It operates through the following segments: Customer Interactions Solutions, Security Solutions, and Financial Crime and Compliance Solutions.