|Bid||25.14 x 800|
|Ask||27.50 x 1200|
|Day's Range||25.92 - 26.49|
|52 Week Range||22.97 - 63.00|
|Beta (5Y Monthly)||0.44|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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The average of price targets set by Wall Street analysts indicates a potential upside of 26.9% in nCino (NCNO). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
nCino (NCNO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Tech and fintech companies have not had it easy this year, with inflation and rising interest rates proving to be significant headwinds that made for a difficult operating environment. A scary macro outlook has also led many companies to tighten their belts on the hiring side and lower their full-year guidance on concerns of a deteriorating economy. For the second fiscal quarter of 2023, which ended on July 31, nCino generated a loss of $0.25 per diluted share on total revenue of roughly $99.6 million.