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.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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