nCino price target raised to $38 from $34 at BofA

BofA raised the firm’s price target on nCino to $38 from $34 and keeps a Buy rating on the shares after the company reported what the firm called “a solid Q4 to close the year.” The Q1 outlook was below the Street view, but the firm thinks that nCino is “taking a heightened approach to conservatism with full year guidance,” the analyst tells investors.