Piper Sandler Reiterates Neutral Rating on nCino Inc. (NCNO) Following Investor Day

Piper Sandler analyst Brent Bracelin reiterated a Neutral rating and $25.00 price target on nCino Inc. (NASDAQ: NCNO).

The analyst commented: "New Products, Agents, and Cross-Sell Opportunity on Display at Investor Day; 2025 Investor Day commentary reinforced our belief in the medium-term cross-sell opportunity across the 2,700+ customer base (~30% and <15% existing commercial and consumer cross-sell penetration, respectively) underpinned by a heightened pace of innovation across the platform. The ongoing development of agentic AI capabilities tailored for the banking vertical will likely only further solidify NCNO's position as the leading endto-end banking platform over time. Despite an encouraging preliminary Q1 beat to the high-end total revenue, subscription and operating income guides, we are maintaining our Neutral rating ahead of the 5/28 Q1 earnings call pending additional execution proof points in order to rebuild investor confidence in a potential growth rebound."

For an analyst ratings summary and ratings history on nCino Inc. click here. For more ratings news on nCino Inc. click here.

Shares of nCino Inc. closed at $25.81 yesterday.

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