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nCino price target lowered to $32 from $43 at Citizens JMP

Citizens JMP lowered the firm’s price target on nCino (NCNO) to $32 from $43 and keeps an Outperform rating on the shares. The company reported “mixed” Q4 results and “disappointing” guidance, with revenue guidance including an expected $18.1M from the company’s acquisition of FullCircl and an estimated $4.2M from Sandbox, the analyst tells investors in a research note. Citizens likes the shares at current levels, and views the valuation as compelling.

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