Barclays raised the firm’s price target on nCino (NCNO) to $44 from $34 and keeps an Equal Weight rating on the shares ahead of the Q3 report on December 4. The firm expects a second-half weighted bookings year based on more existing customer deals in the first half versus more new logo business in the second half, and notes mortgage churn peaked in Q3 last year and total churn peaked in Q4.
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Read More on NCNO:
- nCino Expands with Strategic Acquisition of FullCircl
- nCino to acquire FullCircl for $135M in cash
- nCino price target raised to $44 from $37 at Truist
- nCino’s Commercial Banking Solution selected by Taisho Bank
- nCino management to meet with Stephens
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
