BofA Reinstates NIQ Coverage with Buy Rating and $20 Target
On February 17, BofA analyst Curtis Nagle reinstated coverage of NIQ with a Buy rating and $20 price target, forecasting 7% revenue, 12% EPS, and 11% free cash flow growth in 2026. NIQ disclosed that COO Tracey Massey resigned on January 30 and the role will not be replaced.
1. BofA Reinstates Coverage
On February 17, BofA analyst Curtis Nagle reinstated coverage of NIQ Global Intelligence plc, assigning a Buy rating and setting a $20 price target as part of renewed coverage of 19 information and business services firms.
2. 2026 Growth Forecasts
BofA projects NIQ will achieve 7% revenue growth, 12% EPS expansion, and 11% free cash flow increase in fiscal 2026, reflecting a generally constructive outlook on the company’s core consumer intelligence business.
3. COO Resignation and Leadership Plan
NIQ announced that COO Tracey Massey resigned on January 30 for personal reasons; the company will not hire a replacement, with the CEO and existing executives assuming her duties.
4. Baird’s Price Target Revision
On February 3, Baird analyst Jeffrey Meuler lowered NIQ’s price target from $24 to $20 while maintaining an Outperform rating, citing the COO’s departure as introducing near-term uncertainty.