Morgan Stanley Lowers NICE Price Target 7.5% to $148 on Valuation Reset
Morgan Stanley cut the price target 7.5% to $148 while maintaining an Overweight rating, citing stable cloud performance and a growing backlog. NICE’s FY25 cloud revenue rose 8% to $2.95 billion, Q4 cloud revenue grew 9% to $786.5 million, and non-GAAP EPS gained 11% to $12.30.
1. Morgan Stanley Cuts Price Target
Morgan Stanley reduced its 12-month price target on NICE by 7.5% from $160 to $148, keeping an Overweight rating. The firm highlighted continued stability in the core cloud business and acceleration in backlog, noting current valuations already factor in AI disruption risks.
2. Fiscal 2025 Results and 2026 Outlook
NICE reported FY25 cloud revenue of $2.95 billion, up 8% year-over-year, with Q4 cloud sales reaching $786.5 million, a 9% gain. Full-year non-GAAP EPS rose 11% to $12.30, and the company ended the period with $417 million in cash and no debt, guiding 2026 revenue of $3.17–$3.19 billion and EPS of $10.85–$11.05.