Stay Ahead: 9 Key AI News Updates You Need to See

7. NICE Ltd. (NASDAQ:NICE)

Number of Hedge Fund Holders: 24

NICE Ltd. (NASDAQ:NICE) is a technology company that provides global cloud platforms for AI-driven digital business solutions. It offers CXone, a native cloud open platform, and Enlightens, an AI engine for the customer engagement market. On January 29th, analysts at DA Davidson reiterated a Buy rating on the stock with a $225 price target. The bullish rating comes amid concerns that the stock is undervalued owing to its strong financial results and robust fundamentals.

Additionally, the analysts touted NICE Ltd.’s (NASDAQ:NICE) commitment to staying ahead of market trends and providing AI-driven digital business solutions. The company has invested in artificial intelligence platform innovation while expanding its Contact Center as a Service Business capabilities. It is developing its platform to provide more sophisticated solutions and broaden its scope beyond its primary CCaaS products. This expansion is anticipated to create new opportunities for client interaction and growth. The investments are already paying off, given that NICE third quarter revenues were up by 15% to $690 million, attributed to strong demand for the company’s AI tools.