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Fly News Breaks for March 29, 2019
NICE
Mar 29, 2019 | 05:11 EDT
Jefferies analyst John DiFucci maintains a Buy rating on Nice Systems with a $134 price target after hosting investor meetings with management. The analyst believes the company can exceed the $2B revenue market sooner than its goal of five years. Given the rising cloud revenue mix and the nature of the cloud customer engagement business model, Nice's reported metrics "understate the company's true, underlying momentum," DiFucci tells investors in a research note.
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