Baird lowered the firm’s price target on nCino (NCNO) to $29 from $38 and keeps a Neutral rating on the shares. The firm updated its model following its Q4 report which resulted in a large reset that will bring near-term pain but closer to a potential turning point.
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Read More on NCNO:
- nCino downgraded to Neutral from Buy at Goldman Sachs
- nCino downgraded to Market Perform from Outperform at William Blair
- nCino downgraded to Hold from Buy at Truist
- Cautious Outlook on nCino Amid International Sales Challenges and Market Uncertainties
- nCino price target lowered to $23 from $39 at Morgan Stanley