Here’s What the Street Thinks About nCino (NCNO)

nCino, Inc. (NASDAQ:NCNO) is one of the best cheap small cap stocks to buy now. nCino, Inc. (NASDAQ:NCNO) received a rating update from JPMorgan on June 22. The firm lifted the price target on the stock to $17 from $16 and maintained a Neutral rating on the shares, stating that the firm rolled forward its price targets to December 2027 from December 2026 across its banking technology and digital banking coverage. JPMorgan told investors in a research note that it holds a constructive view on the group, and stated that “AI-defensibility concerns appear overstated relative to the entrenched workflow, data, and compliance moats these vendors have built.”

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The firm further told investors that its highest conviction ideas remain fiscal Q2 and Alkami, adding that the companies operate in a consolidated, duopolistic digital banking market featuring strong retention, long contract durations, and paths to free cash flow expansion. JPMorgan added that Alkami screens as its “high-conviction takeout candidate” amid activist pressure.

nCino, Inc. (NASDAQ:NCNO) provides cloud-based software applications for financial institutions in the United States and internationally.

While we acknowledge the risk and potential of NCNO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NCNO and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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