NICE Systems Ltd (NICE) PT Raised to $260 at RBC Capital

RBC Capital analyst Rishi Jaluria raised the price target on NICE Systems Ltd (NASDAQ: NICE) to $260.00 (from $230.00) while maintaining a Outperform rating.

The analyst comments "NICE reported a better-than-feared quarter, leading shares up 4% intraday (vs. IGV up 2% as of 2PM ET). We were encouraged to see a promising
incoming-CEO, Scott Russell, named to succeed current management in 2025. While transition risks remain, naming a successor may ease some investor concerns. Q2 results were decent, marked by minimal top line upside, a slight cloud miss, but an EPS beat. The macro environment was unchanged, but large enterprise deal momentum was strong. All in, we raise on PT on higher FCF estimates."

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