NICE Ltd. (NASDAQ:NICE) is one of the top SaaS stocks trading at a discount, offering software for customer engagement and financial fraud management. Wedbush recently downgraded the stock to Neutral from Outperform, setting a share price target of $120, down from $170. Morgan Stanley previously set a share price target of $193 and kept an Overweight rating. In the third quarter, NICE Ltd. (NASDAQ:NICE) reported $732 million in revenue and $3.18 in earnings per share, with 13% year-over-year cloud growth. Despite its potential, other AI stocks may offer higher returns with limited downside risk.

For more information on potential stock investments, check out “30 Stocks That Should Double in 3 Years” and “11 Hidden AI Stocks to Buy Right Now.” This article was originally published on Insider Monkey.

Read more at Yahoo Finance: NICE Ltd. (NICE) Sees Pessimism From Analysts