William Blair Upgrades nCino to Outperform, Citing Execution and Growth Visibility

Core Viewpoint - William Blair upgraded nCino Inc. from Market Perform to Outperform, citing solid progress on strategic initiatives and confidence in achieving fiscal 2026 targets [1][2] Group 1: Company Performance - nCino's execution over recent months has strengthened confidence in achieving 8%–9% organic annual contract value (ACV) growth for fiscal 2026, supporting high-single-digit subscription revenue growth in fiscal 2027 [1] - The company's decision to reset expectations earlier this year has positioned it for a more sustainable "beat-and-raise" performance pattern going forward [2] Group 2: Market Outlook - The upgrade reflects growing confidence in both near-term fundamentals and long-term growth visibility for nCino [2]