Stephens & Co. Downgrades Ncino to Equal-Weight, Announces $34 Price Target
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Charles Nabhan has downgraded Ncino (NASDAQ:NCNO) from Overweight to Equal-Weight and set a price target of $34.
October 02, 2023 | 2:10 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Ncino has been downgraded by Stephens & Co. from Overweight to Equal-Weight, with a new price target of $34.
The downgrade from Overweight to Equal-Weight by Stephens & Co. indicates a less optimistic outlook for Ncino's stock. This could potentially lead to a decrease in the stock's price in the short term. The new price target of $34 also provides a benchmark that the market may adjust to.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100