nCino price target lowered to $26 from $34 at Stephens

Stephens lowered the firm’s price target on nCino (NCNO) to $26 from $34 and keeps an Overweight rating on the shares. Given strong FY26 bookings and improving churn, the firm believes visibility into the FY27 subscription revenue growth outlook of 9%-10% is “high,” says the analyst, who raising the firm’s FY27 adjusted EPS estimate to $1.29 from $1.01.