Goldman Sachs analyst Adam Hotchkiss lowered the firm's price target on nCino to $21 from $24 and keeps a Neutral rating on the shares after attending the company's nSight Conference this week. The management highlighted a set of strategic themes that collectively frame both the opportunity and execution risk ahead, anchored by an expanding push to embed AI more deeply across the platform, the analyst tells investors in a research note. Partners and customers alike acknowledge the long-term potential of AI, particularly around efficiency, but adoption today remains incremental and constrained by resources, execution complexity, and clarity of ROI, the firm added.
