nCino Inc. (NCNO) saw its shares plummet by 5.04% during Thursday's intraday trading session, following a series of analyst price target cuts. The fintech company's stock was under pressure as investors reacted to the downward revisions.

Truist Securities adjusted its price target for nCino to $27 from $32, maintaining a Hold rating, while Piper Sandler also reduced its target to $30 from $34, citing concerns over valuation. These revisions came despite the company's recent better-than-expected third-quarter earnings and raised guidance.