nCino price target raised to $28 from $24 at Stephens

Stephens raised the firm’s price target on nCino (NCNO) to $28 from $24 and keeps an Equal Weight rating on the shares after having attended nCino’s investor day and client conference, nSight. The firm came away from the events “incrementally positive on the story,” but views nCino as a “show me” story given a mixed demand demand environment and initiatives that remain in their early stages, the analyst tells investors.