nCino upgraded to Outperform from Market Perform at William Blair

William Blair analyst Cristopher Kennedy upgraded nCino (NCNO) to Outperform from Market Perform without a price target The firm believes company is progressing against the initiatives outlined at its May investor day. William Blair now has increased confidence that nCino will meet its fiscal 2026 organic annual contract value growth target of 8%-9%, which it believes should support at least high-single-digit organic subscription revenue growth in fiscal 2027. The company’s “conservative guidance philosophy” positions it for a “beat-and-raise cadence going forward,” Blair contends. It views the stock’s recent selloff as overdone.