nCino price target raised to $36 from $32 at Scotiabank

Scotiabank raised the firm’s price target on nCino to $36 from $32 and keeps an Outperform rating on the shares. The company’s analyst day provided “more granularity” on the platform, underlying business, end-market, and financial outlook, the analyst tells investors in a research note. The firm thinks the day “helps temper concerns” around growth deceleration, and says that with nCino heading into a seasonally strong second half of 2023 bookings period, “the path likely gets easier from here.”