Beyond The Numbers: 6 Analysts Discuss Ncino Stock
In the last three months, 6 analysts have published ratings on Ncino (NASDAQ:NCNO), offering a diverse range of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 3 | 2 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 1 | 2 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $38.33, a high estimate of $42.00, and a low estimate of $35.00. This current average has decreased by 1.21% from the previous average price target of $38.80.
Deciphering Analyst Ratings: An In-Depth Analysis
An in-depth analysis of recent analyst actions unveils how financial experts perceive Ncino. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Brent Bracelin | Piper Sandler | Maintains | Overweight | $38.00 | $38.00 |
| Charles Nabhan | Stephens & Co. | Maintains | Equal-Weight | $35.00 | $35.00 |
| Joe Vruwink | Baird | Lowers | Neutral | $36.00 | $37.00 |
| Mayank Tandon | Needham | Maintains | Buy | $42.00 | $42.00 |
| Brent Bracelin | Piper Sandler | Lowers | Overweight | $38.00 | $42.00 |
| Ryan Tomasello | Keefe, Bruyette & Woods | Announces | Outperform | $41.00 | - |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Ncino. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Ncino compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Ncino's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Ncino's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Ncino analyst ratings.
All You Need to Know About Ncino
Ncino Inc is a provider of cloud-based software for financial institutions. Its software solution digitizes, automates, and streamlines inefficient and complex processes & workflow and utilizes data analytics & artificial intelligence that enables financial institutions to onboard new clients, make loans and manage the entire loan life cycle, open deposits, and other accounts and manage regulatory compliance. It also offers professional services, including configuration & implementation, training, and advisory services. Ncino generates the majority of its revenue from subscription services. The company caters to financial institutions, enterprise banks, regional banks, community banks, and credit unions. The vast majority of its revenue comes from the United States.
Ncino's Economic Impact: An Analysis
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: Over the 3 months period, Ncino showcased positive performance, achieving a revenue growth rate of 12.68% as of 30 April, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Ncino's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -2.32%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Ncino's ROE stands out, surpassing industry averages. With an impressive ROE of -0.28%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Ncino's ROA stands out, surpassing industry averages. With an impressive ROA of -0.22%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.12.
The Core of Analyst Ratings: What Every Investor Should Know
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.