nCino ( (NCNO) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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nCino’s stock is on the rise after Raymond James upgraded it to a Strong Buy. The upgrade comes in the wake of a recent pullback, with analysts highlighting several growth catalysts such as platform pricing changes, increased customer retention, and momentum in both enterprise and international markets. Additionally, strengthening mortgage activity and expanding margins contribute to a positive outlook, despite some near-term risks.
More about nCino
YTD Price Performance: -28.88%
Average Trading Volume: 1,912,986
Technical Sentiment Signal: Sell
Current Market Cap: $2.75B
For further insights into NCNO stock on TipRanks’ Stock Analysis page.
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