nCino price target raised to $30 from $28 at BofA

BofA raised the firm’s price target on nCino (NCNO) to $30 from $28 and keeps a Neutral rating on the shares. nCino reported “good” fiscal Q1 results that were above the firm’s and Street estimates and the FY26 guidance was “raised a bit too,” the analyst tells investors. The firm believes the Q1 results are a “good first step towards rebuilding execution credibility “and that the conservative guidance is “creating a path to more beat-and-raises,” but it also believes the risk/reward is balanced until there are more signs that execution issues are fully behind the business, the analyst added.