UBS analyst Nik Cremo raised the price target for nCino to $34, maintaining a Buy rating, while Citizens JMP also lifted the price target to $35, citing nCino's AI strategy and new guidance approach. Truist Securities increased its price target to $27, noting strong first-quarter results and a 31% year-over-year growth in the international segment. JPMorgan initiated coverage on nCino with a neutral rating, emphasizing the company's shift towards improving professional services profit margins and targeting long-term gross margins of 71-75%. KeyBanc Capital Markets maintained a neutral outlook on nCino, pointing to mixed reactions to the company's new pricing model. The company's recent strategic moves include a 7% workforce reduction and a decrease in office space, expected to yield approximately $18 million in additional expense savings.