nCino Inc. (NCNO) PT Raised to $29 at Morgan Stanley

Morgan Stanley analyst James Faucette raised the price target on nCino Inc. (NASDAQ: NCNO) to $29.00 (from $27.00) while maintaining a Equalweight rating.

The analyst comments "Despite unchanged ACV outlook & F4Q26 subs rev growth being the trough for the year, management continues to believe FY27 acceleration is still in play. While we prefer to remain conservative on magnitude, we are encouraged by a more conservative outlook methodology & recent opex actions. PT to $29."

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