JMP Securities analyst Aaron Kimson initiated coverage of nCino with an Outperform rating and $43 price target. The company is on a mission to transform financial services through innovation, reputation, and speed with its platform that is designed to simplify and automate commercial and retail lending processes, the analyst tells investors in a research note. The firm believes, and its customer checks support, that nCino offers a “best-of-breed lending platform that scales from small consumer loans to large commercial loans.”
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