Truist Securities Maintains Buy Rating for Ncino: Here's What You Need To Know

Truist Securities has decided to maintain its Buy rating of Ncino NCNO and lower its price target from $70.00 to $45.00.

Shares of Ncino are trading up 8.87% over the last 24 hours, at $31.96 per share.

A move to $45.00 would account for a 40.78% increase from the current share price.

About Ncino

Ncino Inc is a provider of cloud-based software for financial institutions. Its software solution digitizes, automates, and streamlines inefficient and complex processes & workflow and utilizes data analytics & 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. It also offers professional services, including configuration & implementation, training, and advisory services. Ncino generates the majority of its revenue from subscription services. The company caters to global financial institutions, enterprise banks, regional banks, community banks, and credit unions. The vast majority of its revenue comes from the United States.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.