nCino price target lowered to $19 from $27 at Truist

Truist analyst Terry Tillman lowered the firm’s price target on nCino (NCNO) to $19 from $27 and keeps a Hold rating on the shares after its Q4 results. Strength was driven by AI-led expansion and better pipeline conversion, while the management appears to be executing against stated priorities, the analyst tells investors in a research note. Growth remains modest vs. median coverage growth however, and the firm has cut its price target on valuation reset across software from AI fears, Truist added.