Should You Go For This Blue Chip Stock-NICE

Acrobull Canada Advisory Inc.

February 03			2025
Name	Ticker	Sector/Industry		Market Cap	Risk Factor
Nice Ltd.	NICE-NASDAQ	Energy		$10.463 Billion	Medium

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform; Enlighten, an AI engine for the customer engagement market

Recent Highlights

Financial Results- The company has reported good financial results in the third quarter and is expected to further report better financial results.

We expect the company to report better financial results in the next financial results, hence customers looking for blue chip stock with solid financial results may choose to invest.

Third Quarter 2024 Financial Highlights

Revenues: Third quarter 2024 total revenues increased 15% to $690.0 million compared to $601.3 million for the third quarter of 2023. Gross Profit.

Third quarter 2024 gross profit was $460.3 million compared to $410.4 million for the third quarter of 2023.

Third quarter 2024 gross margin was 66.7% compared to 68.2% for the third quarter of 2023. Operating Income: Third quarter 2024 operating income increased 24% to $141.4 million compared to $113.6 million for the third quarter of 2023.

Third quarter 2024 operating margin was 20.5% compared to 18.9% for the third quarter of 2023. Net Income: Third quarter 2024 net income increased 31% to $120.9 million compared to $92.4 million for the third quarter of 2023.

Third quarter 2024 net income margin was 17.5% compared to 15.4% for the third quarter of 2023.

Stock Observation- The company’s stock performance has been good however the stock has gone through some fluctuation in recent weeks, the RSI level for the stock is at 38 which shows close to oversold conditions.

Risk Involved- Financial performance of the company may have an impact on the company stock performance.

Considering all the factors and financials of the company Acrobull Canada Advisory Inc. maintains Customer Choose Buy for the stock.

Disclaimer- Though our research is fundamentally and technically based on Acrobull Canada Advisory Inc. only provides general advice on the stocks and it is imperative for the investors to do the risk assessment for themselves before investing as Acrobull Canada Advisory Inc. would not be liable for any loss or profit arising out through the investment made by the investors on our recommendations.

It is also advisable for the investors to consult with Financial Advisor, Broker or to seek any legal assistance as the research conducted by Acrobull Canada Advisory Inc. is factually based and recommendations are given in accordance with that, but it is imperative to understand that Acrobull Canada Advisory Inc. does not guarantee returns.

Acrobull Recommendation Based on Evaluation

Current Market Price	$166.14 USD
Acrobull Recommendation	Buy
Target Price	Target $188.25 USD
RSI Level	14 Day RSI 38
Total Shares Outstanding	62.87 Million
Shares held by Insiders Risk Factor Stop Loss	0.00% Medium 5%