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nCino upgraded to Outperform from Neutral at Baird

Baird upgraded nCino (NCNO) to Outperform from Neutral with a price target of $38, up from $30. The firm likes the share setup, saying macro conditions are likely turning higher alongside nCino’s go-to-market catalysts and new product momentum. With expectations having been reset lower, the company has the best estimate upside potential in years, the analyst tells investors in a research note. Baird found nCino management confident in recent meetings.

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