Why Nice (NICE) is a Top Growth Stock for the Long-Term

Core Insights - Zacks Premium offers tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Industry Rank, access to the Zacks 1 Rank List, Equity Research reports, and Premium stock screens [1] Zacks Style Scores - Zacks Style Scores are indicators that help investors select stocks likely to outperform the market in the next 30 days, rated from A to F based on value, growth, and momentum characteristics [2] - The Value Score focuses on identifying undervalued stocks using ratios like P/E, PEG, Price/Sales, and Price/Cash Flow [3] - The Growth Score assesses a company's financial strength and future outlook through projected and historical earnings, sales, and cash flow [3] - The Momentum Score capitalizes on price trends and earnings outlook changes, using factors like one-week price change and monthly earnings estimate changes [4] - The VGM Score combines all three Style Scores, providing a comprehensive indicator for selecting stocks with attractive value, growth forecasts, and promising momentum [5] Zacks Rank - The Zacks Rank is a proprietary stock-rating model that utilizes earnings estimate revisions to facilitate portfolio building, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [6][7] - There are over 800 top-rated stocks available, making it essential to use Style Scores to identify the best investment opportunities [8] Stock Example: NICE - NICE is a leader in the customer experience domain with an AI-powered cloud platform, currently rated 3 (Hold) on the Zacks Rank and holding a VGM Score of A [10] - The company is projected to have a year-over-year earnings growth of 21.3% for the current fiscal year, supported by a Growth Style Score of A [10] - Recent analyst revisions have increased the earnings estimate for fiscal 2024 by $0.02 to $10.66 per share, with an average earnings surprise of 4.4%, making NICE a strong candidate for growth investors [11]