Nice (NICE) Q2 results and the raised 2025 adjusted earnings outlook will be "overshadowed" by its reiteration of 2025 revenue guidance, Wedbush said in a note Friday.
The company's cloud business is still in its early stages, with more companies striking higher ACV deals, analysts led by Daniel Ives wrote.
The analysts also said that Nice's reaffirmed 2025 revenue guidance and raised adjusted EPS outlook is "conservative" with deals for more than $1 million ARR clients continuing to speed up because of robust demand for its CXone platform and artificial intelligence offering.
Nice's recently announced proposed takeover of Cognigy, expected to close in Q4, will further support its CXone/AI strategy, the analysts mentioned.
Additionally, the analysts said that Nice's guidance did not include any impact from the Cognigy acquisition.
Wedbush lowered Nice's price target to $170 from $200 and maintained an outperform rating.
Shares of the company were up 1.6% in recent Friday trading.
Price: 129.91, Change: +2.06, Percent Change: +1.61