All You Need to Know About nCino (NCNO) Rating Upgrade to Buy

Core Viewpoint - nCino (NCNO) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook based on rising earnings estimates [1][3] Earnings Estimates and Stock Price Impact - The Zacks rating system is influenced by changes in a company's earnings potential, which correlates strongly with stock price movements [4] - Rising earnings estimates for nCino suggest an improvement in the company's underlying business, likely leading to increased stock prices [5][10] Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance of Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [7] - Only the top 20% of Zacks-covered stocks receive a 'Strong Buy' or 'Buy' rating, indicating superior earnings estimate revisions [9][10] Specific Earnings Data for nCino - For the fiscal year ending January 2025, nCino is expected to earn $0.72 per share, reflecting a 44% increase from the previous year [8] - Over the past three months, the Zacks Consensus Estimate for nCino has increased by 32.6% [8]