Raymond James lowered the firm’s price target on nCino (NCNO) to $32 from $42 and keeps an Outperform rating on the shares. nCino’s fiscal 2026 growth outlook was below the firm’s Street-low estimates, the analyst tells investors in a research note. The firm believes the risk/reward skews very favorably and believes nCino can still reach an organic “Rule of 40” profile during fiscal 2028.
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Read More on NCNO:
- nCino (NCNO) Falls Short While Projecting Market Headwinds Exacerbated by Liberation Day Fallout
- Scotiabank downgrades nCino, sees shares as range-bound after FY26 guidance
- nCino price target lowered to $29 from $38 at Baird
- nCino downgraded to Neutral from Buy at Goldman Sachs
- nCino downgraded to Market Perform from Outperform at William Blair
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