Morgan Stanley raised the firm’s price target on nCino (NCNO) to $33 from $29 and keeps an Equal Weight rating on the shares. The firm said it is stepping away tactically positive and expects modest beats and raises throughout the year coupled with more detailed Annual Contract Value visibility to support shares near-term. Morgan Stanley added that it remains Equal Weight as it prefers to observe execution and attachment of Banking Advisor within U.S. commercial.
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