nCino price target raised to $41 from $30 at Morgan Stanley

Morgan Stanley analyst Michael Infante raised the firm’s price target on nCino (NCNO) to $41 from $30 and keeps an Equal Weight rating on the shares. The firm remains wary of consensus organic subscription revenue achievability in FY26 given outsized fiscal Q4 bookings seasonality and recent mortgage rate increases, but believes a Trump presidency could “serve as a real catalyst for demand unlock,” the analyst tells investors.