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Fly News Breaks for May 17, 2019
May 17, 2019 | 07:39 EDT
JMP Securities analyst Patrick Walravens raised his price target on Nice shares to $164 from $140 after the company reported "strong" Q1 results and gave "solid" guidance, stating that he sees the company driving improved customer experiences and extending its reach with acquisitions. The analyst, who increased his 2019 and 2020 non-GAAP EPS estimates following the report, also noted that Nice reported cloud revenue growth of 30% in Q1.