Morgan Stanley Downgrades Ncino to Underweight, Announces $24 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Faucette has downgraded Ncino (NASDAQ:NCNO) from Equal-Weight to Underweight and set a price target of $24.
September 20, 2023 | 9:19 am
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Ncino has been downgraded by Morgan Stanley from Equal-Weight to Underweight with a price target of $24.
The downgrade from Morgan Stanley is likely to negatively impact Ncino's stock price in the short term. The new price target of $24 suggests that the analyst believes there is downside potential for the stock.
CONFIDENCE 90
IMPORTANCE 80
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