nCino price target raised to $34.50 from $33 at Keefe Bruyette

Keefe Bruyette raised the firm’s price target on nCino (NCNO) to $34.50 from $33 and keeps an Outperform rating on the shares. The company reported a strong quarter with subscription revenue 3% above the high end of guidance, the analyst tells investors in a research note. The firm upped estimates citing nCino’s “ongoing beat-and-raise story,” but also acknowledges the stock’s valuation is looking more full at current levels.