As previously reported, Stephens upgraded nCino (NCNO) to Overweight from Equal Weight, citing what the firm calls “an achievable near-term set up,” medium to long-term catalysts to growth and a “reasonable” valuation. The firm also sees a potential “beat and raise” report in Q3 and expects execution towards the FY25 ACV and Rule of 40 targets driving multiple expansion, the analyst tells investors in a preview for the group.
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