Oppenheimer Reiterates Outperform Rating On Nice Systems (NICE)

Oppenheimer reiterated their Outperform rating on shares of Nice Systems (NASDAQ: NICE) in a research report today. The analysts wrote that "NICE continues to experience robust momentum illustrated by healthy 1Q10 results, which featured y/y bookings growth of 40%."

Oppenheimer has a $38 price target on the stock, which implies NICE will trade at 19x FY11 earnings estimates of $2.00. The shares currently trade at a 14x multiple. During the current trading session, NICE has moved 1.37% higher to $28.79.

NICE-Systems Ltd. (NICE) is a provider of solutions that enable enterprises and security organizations to extract insight from interactions, transactions and surveillance.

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