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Fly News Breaks for May 16, 2019
NICE
May 16, 2019 | 20:49 EDT
Jefferies analyst John DiFucci raised his price target on Nice to $166 and kept his Buy rating after its Q1 earnings beat and raised FY19 guidance. The analyst says the company's 12% revenue acceleration was beyond expectations and sees it "well positioned" in the Contact Center as a service market. DiFucci adds that the 7.7-times enterprise value to next-twelve month expected revenue multiple is attractive and calls the stock his "top mid-cap pick" in his coverage.
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