In a report released on September 28, Saket Kalia from Barclays maintained a Hold rating on nCino (NCNO – Research Report), with a price target of $35.00. The company’s shares closed yesterday at $31.80.
Kalia covers the Technology sector, focusing on stocks such as Adobe, Tenable Holdings, and Fortinet. According to TipRanks, Kalia has an average return of 12.8% and a 58.46% success rate on recommended stocks.
In addition to Barclays, nCino also received a Hold from Robert W. Baird’s Joseph Vruwink in a report issued yesterday. However, on the same day, Scotiabank maintained a Buy rating on nCino (NASDAQ: NCNO).
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NCNO market cap is currently $3.57B and has a P/E ratio of -49.02.
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nCino (NCNO) Company Description:
Ncino Inc is a provider of cloud based software for financial institutions. Its software solution digitizes, automates and streamlines inefficient and complex processes and workflow and utilizes data analytics and artificial intelligence that enables financial institutions to more effectively onboard new clients, make loans and manage the entire loan life cycle, open deposit and other accounts and manage regulatory compliance. The company caters to global financial institutions, enterprise banks, regional banks, community banks, and credit unions.
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