Morgan Stanley Upgrades Ncino to Equal-Weight, Raises Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Faucette upgraded Ncino (NASDAQ:NCNO) from Underweight to Equal-Weight and increased the price target from $24 to $27.
March 15, 2024 | 11:58 am
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Morgan Stanley upgraded Ncino from Underweight to Equal-Weight and raised the price target from $24 to $27.
The upgrade from Underweight to Equal-Weight by a major financial institution like Morgan Stanley suggests a more favorable outlook on Ncino's stock. The increase in the price target from $24 to $27 further indicates an expectation of stock price appreciation. This analysis is based on the assumption that market participants will view the upgrade and price target increase as positive signals, potentially leading to increased demand for NCNO shares in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100