Deep Dive Into Ncino Stock: Analyst Perspectives (6 Ratings)
Portfolio Pulse from Benzinga Insights
Ncino (NASDAQ:NCNO) has received mixed analyst ratings over the last three months, with a shift towards a more bullish outlook in the last 30 days. The average 12-month price target for NCNO is $36.33, reflecting an 8.77% increase from the previous target of $33.40. Analysts from firms including Keefe, Bruyette & Woods, Morgan Stanley, Baird, Needham, and Piper Sandler have updated their ratings and price targets, indicating a dynamic market response to Ncino's performance. Ncino, a provider of cloud-based software for financial institutions, has shown impressive revenue growth of 13.29% as of January 31, 2024, but its revenue growth lags behind industry peers. Despite this, Ncino has a strong net margin of 0.94% and an exceptional return on assets (ROA) of 0.09%, though its return on equity (ROE) is below industry averages.
April 09, 2024 | 9:00 pm
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Ncino has received mixed but increasingly bullish analyst ratings, with an updated average 12-month price target of $36.33. The company's strong revenue growth and net margin are positive indicators, though it faces challenges with its ROE.
The shift towards more bullish analyst ratings and the increase in the average price target suggest a positive short-term impact on NCNO's stock price. The company's strong revenue growth and net margin are likely to be viewed favorably by investors, despite the lower ROE compared to industry averages. The detailed analysis by multiple analysts from reputable firms further supports the potential for stock price appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100