Wall Street Analysts Think nCino (NCNO) Could Surge 25.15%: Read This Before Placing a Bet

Core Viewpoint - nCino (NCNO) shares have shown a modest gain of 0.6% over the past four weeks, closing at $33.76, with analysts suggesting a potential upside of 25.2$42.25 [1] Price Targets and Analyst Estimates - The mean estimate consists of 16 short-term price targets with a standard deviation of $2.54, indicating variability among analysts; the lowest estimate suggests a 9.6$37, while the highest predicts a 33.3% surge to $45 [2] - A low standard deviation signifies strong agreement among analysts regarding the stock's price movement direction, which can serve as a starting point for further research [7] Earnings Estimates and Analyst Sentiment - Analysts have shown increasing optimism about nCino's earnings prospects, as evidenced by a positive trend in earnings estimate revisions, which correlates strongly with near-term stock price movements [9] - The Zacks Consensus Estimate for the current year has risen by 17.2% over the past month, with no negative revisions, indicating a favorable outlook [10] Zacks Rank and Investment Potential - nCino holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate factors, suggesting a strong potential upside in the near term [11] - While consensus price targets may not reliably indicate the extent of potential gains, they do provide a useful guide for price movement direction [12]