Peeling Back The Layers: Exploring Ncino Through Analyst Insights
Portfolio Pulse from Benzinga Insights
Ncino (NASDAQ:NCNO) has been evaluated by 4 analysts over the last three months, with mixed opinions ranging from bullish to bearish. The average 12-month price target for NCNO is $37.25, up 6.43% from the previous target of $35.00. Analyst actions include rating changes and price target adjustments, with Piper Sandler's Brent Bracelin raising the target to $42.00 from $30.00, and Truist Securities' Terry Tillman lowering it to $37.00 from $40.00. Ncino's financial performance shows a revenue growth of 15.81%, a net margin of -13.43%, an ROE of -1.59%, an ROA of -1.27%, and a low debt-to-equity ratio of 0.06. The company specializes in cloud-based software for financial institutions and generates most of its revenue from subscription services in the United States.

January 02, 2024 | 7:00 pm
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NEUTRAL IMPACT
Analysts have mixed opinions on Ncino, with an updated average price target of $37.25. Financial performance indicates strong revenue growth but challenges in profitability.
The mixed analyst ratings and the increase in the average price target suggest a neutral short-term impact on NCNO's stock price. The financial performance shows growth, but profitability issues may concern investors. The high relevance is due to the direct focus on NCNO, while the importance is high as analyst ratings can influence investor sentiment. The confidence level is high due to the clear data provided on analyst actions and financial metrics.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100