Bigger Category, Bigger Buyer, Bigger Value - NiCE World 2026 Analyst Day Recap

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Bigger Category, Bigger Buyer, Bigger Value - NiCE World 2026 Analyst Day Recap

Infrastructure & AI Software

NiCE Ltd. (NICE)

EQUITY RESEARCH Company Update

June 9, 2026

Bigger Category, Bigger Buyer, Bigger Value - NiCE Price: $88.62

Price Target: $104.00 World 2026 Analyst Day Recap

Rating: Neutral

We attended NiCE's Investor Day, hosted in Orlando, alongside its annual

Key Statistics: user conference, NiCE World. We came away incrementally more positive

Symbol NSQ: NICE on NiCE's long-term positioning as a fully integrated Enterprise CX AI 52-Week Range 84.38 - 180.61

platform, with the day's key message centered on three compounding Market Cap 5,192.9

ADV (3 mo) 659,290 upgrades to NiCE's strategic role in the market: a bigger category (CCaaS

EV ($M) 5,732 to Enterprise CX AI), a bigger buyer (contact center ops to CEO/COO/

Shares Out (M) 58.6 Board), and a bigger monetization model (pure seat licenses to a mix of

seat, consumption, and outcome-based ARR). We were encouraged by the

Research Analysts: data points shared by NiCE on AI unit economics: AI customers generate

Thomas Blakey, CFA 36% higher ARPU and 4.5x higher ARPC versus non-AI customers, and

617-443-4487 the AI adopter cohort showing 23% average ARR growth at the 12- Thomas.Blakey@cantor.com

Michael Vidovic month mark, even before Cognigy contributes meaningfully to the CXone

224-704-0733 installed base. Additionally, 71% of Cognigy new bookings were integrated

Michael.Vidovic@cantor.com with CXone versus 29% standalone, demonstrating early signs that the

Matthew Park company's proactive strategic renewals during 1Q26 are building a backlog 212-915-1835

Matthew.Park@cantor.com that is expected to convert to revenue in the coming quarters. We continue