Truist impressed with nCino product platform, long-term growth targets

Truist keeps a Buy rating and $40 price target on nCino after the company hosted its inaugural investor day. The firm came away being impressed with nCino’s product platform and go-to-market strategy, international runway and broader market opportunity, as well as its long-term profitable growth targets, the analyst tells investors in a research note. Truist adds that it sees continued bookings strengthening for nCino heading into the second half of the year.