nCino (NCNO) Stock Price: $70 Target And Buy Rating

By Amit Chowdhry ● Jun 2, 2022
  • The shares of nCino Inc (NASDAQ: NCNO) have received a $70 price target from Truist. These are the details.

The shares of nCino Inc (NASDAQ: NCNO) have received a $70 price target from Truist. And Truist analyst Terry Tillman is maintaining a “Buy” rating on the shares.

Tillman adjusted the rating while updating the discounted cash flow valuation model assumptions ahead of the first-quarter earnings. And the company signed its second-largest EMEA deal to date and reported the largest retail lending to go live. 

Plus Tillman pointed out that even though the macro storms are brewing, he believes that nCino has never been better positioned from a product, market, and customer standpoint.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.