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Top Wall Street Forecasters Revamp nCino Expectations Ahead Of Q2 Earnings

1. nCino will announce Q2 earnings on Aug. 26, expected to match prior year. 2. Projected revenue for Q2 is $143.17 million, up from $132.4 million last year. 3. Morgan Stanley and Baird raised price targets to $33 and $38, respectively. 4. nCino shares fell 2.4% to close at $28.37 prior to earnings release. 5. Analysts' ratings generally remain positive, indicating bullish sentiment.

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FAQ

Why Bullish?

With revenue growth and analysts raising price targets, outlook improves. Historical trends show positive earnings often lead to upward price momentum.

How important is it?

Given the upcoming earnings release and positive analyst sentiments, this article is highly relevant to NCNO investors.

Why Short Term?

Earnings release can cause immediate price fluctuation; recent analyst upgrades support a positive sentiment shift.

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