Morgan Stanley raised the firm’s price target on nCino (NCNO) to $29 from $27 and keeps an Equal Weight rating on the shares. While calling fiscal Q1 an “encouraging start to the year,” the firm continues to believe that FY27 subscription revenue growth acceleration back to the low- to mid-teens range is necessary to drive a multiple re-rating, the analyst tells investors in a post-earnings note.
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Read More on NCNO:
- nCino price target raised to $30 from $28 at BofA
- nCino price target raised to $28 from $25 at Piper Sandler
- Strong Financial Performance and Strategic Initiatives Drive Buy Rating for nCino
- nCino price target raised to $33 from $28 at Keefe Bruyette
- Cautious Outlook on nCino: Hold Rating Amid Conservative Revenue Forecasts and Growth Contingencies
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