Ncino Analysts Boost Their Forecasts After Strong Q4 Earnings
Portfolio Pulse from Avi Kapoor
nCino, Inc. (NASDAQ:NCNO) reported Q4 earnings surpassing expectations with adjusted earnings of 21 cents per share against estimates of 12 cents. However, quarterly sales of $123.69 million slightly missed the expected $124.62 million. The company provided optimistic FY25 guidance, projecting revenues and adjusted EPS above analyst expectations, leading to a 19.2% surge in its stock price. Following the earnings announcement, analysts from Needham, Baird, and Piper Sandler adjusted their price targets for NCNO.
March 27, 2024 | 4:58 pm
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POSITIVE IMPACT
nCino reported higher-than-expected Q4 earnings and optimistic FY25 guidance, leading to a 19.2% increase in its stock price. Analysts have revised their price targets upwards.
The positive earnings report and the optimistic future guidance provided by nCino have significantly exceeded market expectations, resulting in a substantial stock price increase. Analysts' upward revisions of price targets further support the positive outlook for NCNO, indicating strong investor confidence and potential for continued growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100