nCino price target raised to $35 from $33 at BofA

BofA analyst Adam Bergere raised the firm’s price target on nCino to $35 from $33 and keeps a Buy rating on the shares after the company hosted its inaugural investor day this week in Wilmington, North Carolina. The firm came away from the investor day incrementally positive. Investor focus is likely centered around the new rule of 50 long-term target operating model unveiled as well as disclosure around the current trajectory of the business, BofA said in a research note on Friday.