NCNO Price Prediction Next Week
Analysis and Insights
News Sentiment and Recent Developments:
nCino (NCNO) has recently announced a partnership with Československá obchodní banka (ČSOB), a subsidiary of KBC Bank NV, to digitize and enhance its Commercial and SME Lending operations. This partnership underscores nCino's growing global reach and ability to secure high-profile clients, which is a positive signal for investors. Additionally, nCino has been highlighted in ETF analysis for its upside potential, with a target price of $42.12 per share, representing a 46.88% increase from its current price.
Technical Analysis:
The stock is currently trading at $28.90, with a pre-market gain of 1.75%. Key technical indicators include:
- RSI (14): 37.63, indicating the stock is in a neutral zone but leaning toward oversold conditions.
- MACD: -1.12, showing bearish momentum, but the MACD histogram is flattening, suggesting a potential reversal.
- Fibonacci Levels: The stock is currently near the pivot point of $28.67, with resistance at $29.78 and $30.47, and support at $27.55 and $26.87.
Fibonacci Analysis:
The Fibonacci levels suggest that the stock is at a critical juncture. A break above $29.78 could signal a bullish trend, while a drop below $27.55 may indicate further downside.
Price Prediction and Recommendation:
Based on the positive news sentiment and the stock's current technical position, we predict that NCNO will trade between $29.50 and $30.50 next week. However, due to the mixed technical signals, we recommend a cautious approach. Investors should consider waiting for a confirmed breakout above $29.78 before taking a long position.
NCNO Similar Chart Price Prediction
The price of NCNO is predicted to go up -0.99%, based on the high correlation periods with MUX. The similarity of these two price pattern on the periods is 98.35%.
NCNO
MUX
Down: -0.99%Similarity: 98.35%
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NCNO Analyst's Forecast
Alexander Sklar
Raymond James
Buy
2025-03-25
Price Target
$44 → $42
Upside
+42.83%
Raymond James analyst Alexander Sklar lowered the firm's price target on nCino to $42 from $44 and keeps an Outperform rating on the shares ahead of the Q4 results on April 1. The firm expects nCino to be one quarter closer to putting in a floor on organic growth and delivering on an accelerating growth profile over the next couple of years, the analyst tells investors in a research note. Raymond James believes nCino can begin to benefit from multiple expansion as it puts a bottom in organic growth with upside optionality should the mortgage market improve.
Saket Kalia
Barclays
Hold → Buy
2025-01-06
Price Target
$44
Upside
+28.84%
Robert Trout
Macquarie
Buy
2024-12-06
Price Target
$40 → $43
Upside
+14.94%
