FMP
Jul 1, 2024 1:39 PM - Davit Kirakosyan
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Piper Sandler analysts reaffirmed an Overweight rating and a $38 price target on nCino (NASDAQ:NCNO) following investor meetings with CFO Greg Orenstein and Director of Strategic Finance and IR Harrison Masters. The analysts expressed optimism about new products, pricing strategies, and go-to-market changes that could enhance adoption within the banking sector. Despite being traditionally slow-moving, the industry is showing signs of recovery following the 2023 banking crisis.
The analysts highlighted several key drivers for nCino's growth heading into 2025: normalization of churn rates, increasing consumer traction, momentum in multi-cloud cross-selling, new AI functionalities bolstered by a five-year data collection advantage with nIQ, and stabilizing industry conditions that could boost spending on bank modernization projects. The analysts also noted that nCino's risk-reward ratio is attractive at 5.9x 2025 EV/S compared to the peer median of 9.1x, supporting the view of a profitable vertical SaaS model.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 16, 2024 8:06 PM - Gordon Thompson
On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...