Piper Sandler analyst Brent A. Bracelin upgraded NCino, Inc (NASDAQ: NCNO) and Weave Communications Inc (NYSE: WEAV) to Overweight from Neutral, lowered AvidXchange Holdings, Inc (NASDAQ: AVDX) to Neutral from Overweight, and lowered Unity Software Inc (NYSE: U) and BlackLine, Inc (NASDAQ: BL) to Underweight from Neutral. The analyst entered 2024 with a higher degree of optimism for application software based on stabilizing demand fundamentals after two years of moderation, a declining interest rate backdrop sparking greater appetite for growth stocks, new secular tailwinds for cloud and data-…
