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barclays lowers nCino price target to 24 while maintaining overweight rating
Barclays analyst Saket Kalia has reduced nCino Inc.'s price target from $44 to $24 while maintaining an Overweight rating, citing a significant cut in the company's previous target. Despite a 13% revenue growth over the past year, nCino's fiscal 2026 outlook remains cautious due to challenges in the U.S. mortgage market. The company reported mixed Q4 2025 earnings, missing EPS forecasts but slightly exceeding revenue expectations, while CEO Sean Desmond announced a strategic shift towards AI banking solutions.
barclays lowers nCino price target to twenty four dollars
Barclays analyst Saket Kalia has reduced the price target for nCino Inc. (NASDAQ: NCNO) from $44.00 to $24.00. This adjustment reflects a significant reevaluation of the company's market position.
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