Goldman Sachs lowered the firm’s price target on nCino (NCNO) to $24 from $28 and keeps a Neutral rating on the shares. nCino reported Q4 revenue and adjusted operating profit 1% and 5% above consensus, driven by 17% ACV growth, setting up accelerated subscription revenue growth despite a modest deceleration in organic subscription growth to 7%, the analyst tells investors in a research note.
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