Barclays lowered the firm’s price target on nCino (NCNO) to $24 from $44 and keeps an Overweight rating on the shares. The company guided fiscal 2026 revenue lower than expected as currency and tough compares reset organic subscriber growth to 4%, the analyst tells investors in a research note. However, the firm views the more important metric as the 8%-9% organic annual contract value growth, which it says is a leading indicator and drives improvement in fiscal 2027.
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