NICE Ltd (NASDAQ:NICE) reported upbeat fourth-quarter financial results and issued FY24 guidance above estimates on Thursday.

NICE reported fourth-quarter fiscal 2023 revenue growth of 9.6% year-over-year to $623.19 million, beating the consensus of $618.51 million. Adjusted EPS improved to $2.36 compared to $2.04 in the prior year, beating the consensus of $2.28, according to data from Benzinga Pro.

For the first quarter, NICE expects non-GAAP total revenues of $650 million-$660 million versus $643.57 million consensus. It sees non-GAAP EPS of $2.40-$2.50 versus $2.31 consensus.

The company sees 2024 non-GAAP total revenues of $2.715 billion-$2.735 billion versus $2.677 billion consensus. It sees non-GAAP EPS of $10.40-$10.60, versus $9.94 consensus.

NICE shares fell 2.7% to trade at $238.90 on Friday.

These analysts made changes to their price targets on NICE after the company reported quarterly results.

• Wedbush raised the price target on NICE from $230 to $270. Wedbush analyst Daniel Ives maintained an Outperform rating.
• RBC Capital boosted the price target on NICE from $238 to $285. RBC Capital analyst Rishi Jaluria maintained an Outperform rating.
• JMP Securities analyst Patrick Walravens reiterated NICE with a Market Outperform and maintained a $343 price target.

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