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Barclays has lowered its price target for nCino, Inc. to $24 from $44 while maintaining an overweight rating. nCino is a global provider of cloud banking solutions, offering a comprehensive Bank Operating System that enhances coordination and transparency for financial institutions through a single, cloud-based platform. The system includes features for client onboarding, loan origination, and compliance, along with advanced data analytics and AI/ML capabilities to optimize operations and regulatory adherence.
Shawbrook Bank is preparing for an Initial Public Offering (IPO) potentially in the first half of 2025, with a valuation estimated at around £2 billion. The bank, which focuses on niche lending and has a strong customer experience, reported an annualised loan book of £15.1 billion and a growing deposit book of £15.2 billion. Despite past ethical concerns, it aims to enhance social mobility and champion diversity while investing in technology and innovation.
Franklin Resources Inc. increased its stake in nCino to over 1 million shares, while Geode Capital Management raised its holdings by 26.1%. UBS Group initiated coverage with a "buy" rating and a $44 price target, indicating a potential upside. Insiders have sold significant shares recently, with 94.76% of the stock owned by institutional investors.
Franklin Resources Inc. increased its stake in nCino to over 1 million shares, while other firms like Synovus Financial Corp and Sanctuary Advisors LLC also acquired new stakes. Analysts have given nCino a "Moderate Buy" rating, with price targets ranging from $36 to $49. Insider selling has been notable, with over 4.8 million shares sold in the last three months.
nCino, Inc. is a global provider of cloud banking solutions, offering the nCino Bank Operating System, a multi-tenant software-as-a-service platform that enhances coordination and transparency for financial institutions. This system streamlines workflows for customer onboarding, loan origination, and compliance, while also integrating data analytics and AI/ML capabilities through the nCino IQ suite, enabling better credit risk management and regulatory compliance.
nCino, Inc.
Companies
| Symbol | NCNO |
| Name | nCino, Inc. |
| Currency | USD |
| Sector | Information Technology |
| IndustryGroup | Software & Services |
| Industry | Software |
| Market | NASDAQ Global Select |
| Country | United States |
| State | NC |
| City | Wilmington |
| Zipcode | 28405 |
| Website | http://www.ncino.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
barclays lowers nCino price target while maintaining overweight rating
17:33 02.04.2025
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