Fintel reports that on September 29, 2023, Scotiabank maintained coverage of Ncino (NASDAQ:NCNO) with a Outperform recommendation.
Analyst Price Forecast Suggests 4.84% Upside
As of August 31, 2023, the average one-year price target for Ncino is 33.15. The forecasts range from a low of 24.24 to a high of $42.00. The average price target represents an increase of 4.84% from its latest reported closing price of 31.62.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Ncino is 493MM, an increase of 10.79%. The projected annual non-GAAP EPS is 0.35, an increase of 0.14% from the prior forecast.
What is the Fund Sentiment?
There are 4 funds or institutions reporting positions in Ncino. This is unchanged over the last quarter. Average portfolio weight of all funds dedicated to NCNO is 9.67%, an increase of 65.34%. Total shares owned by institutions decreased in the last three months by 0.00% to 39,165K shares. 
The put/call ratio of NCNO is 0.34, indicating a bullish outlook.
What are Other Shareholders Doing?
Insight Holdings Group holds 39,123K shares representing 34.65% ownership of the company. No change in the last quarter.
ACSMX - Advisors Capital Small holds 30K shares representing 0.03% ownership of the company. No change in the last quarter.
Public Employees Retirement Association Of Colorado holds 12K shares representing 0.01% ownership of the company. No change in the last quarter.
Ncino Background Information
(This description is provided by the company.)
nCino is a financial technology company founded in 2011. It is headquartered in Wilmington, North Carolina. Their cloud-based banking software is built on the Salesforce platform for financial institutions to streamline commercial and retail banking needs.
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This story originally appeared on Fintel.
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