nCino Inc stock declines after market weakness
Written by Emily J. Thompson, Senior Investment Analyst
nCino Inc's stock fell by 5.01%, crossing down the 5-day SMA amid a mixed market performance.
The Nasdaq-100 (QQQ) decreased by 0.18%, while the S&P 500 (SPY) saw a slight increase of 0.01%. This divergence in market performance may have influenced investor sentiment towards nCino.
Despite reporting strong Q3 results with a 10% year-over-year revenue growth, the stock's decline reflects broader market challenges and investor caution.
NCNO$0.0000%Past 6 months

No Data
Analyst Views on NCNO
Wall Street analysts forecast NCNO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NCNO is 36.04 USD with a low forecast of 29.00 USD and a high forecast of 41.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast NCNO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NCNO is 36.04 USD with a low forecast of 29.00 USD and a high forecast of 41.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 25.570

Current: 25.570

Outperform
maintain
$36
Reason
Keefe Bruyette raised the firm's price target on nCino to $36 from $34.50 and keeps an Outperform rating on the shares. nCino printed another strong beat and raise quarter, the analyst tells investors in a research note.
Equal Weight -> Overweight
upgrade
Reason
Equal Weight -> Overweight
Reason
As previously reported, Stephens upgraded nCino to Overweight from Equal Weight, citing what the firm calls "an achievable near-term set up," medium to long-term catalysts to growth and a "reasonable" valuation. The firm also sees a potential "beat and raise" report in Q3 and expects execution towards the FY25 ACV and Rule of 40 targets driving multiple expansion, the analyst tells investors in a preview for the group.
Equal Weight -> Overweight
upgrade
Reason
Equal Weight -> Overweight
Reason
Stephens analyst Charles Nabhan upgraded nCino to Overweight from Equal Weight.
Raymond James
Alexander Sklar
Outperform -> Strong Buy
upgrade
$36
Reason
Raymond James
Alexander Sklar
Outperform -> Strong Buy
Reason
Raymond James analyst Alexander Sklar upgraded nCino to Strong Buy from Outperform with an unchanged price target of $36.
About NCNO
nCino, Inc. is a global provider of cloud banking solutions for the global financial services industry. The Company is a software-as-a-service (SaaS) company that provides software solutions to financial institutions (FIs) to streamline employee and client interactions. It delivers solutions such as cloud computing application and platform services with a multi-tenant technology and shared service-oriented architecture. The nCino Platform is embedded with data and artificial intelligence (AI) that helps FIs digitize and reengineer business processes across multiple lines of business, from commercial, consumer and small business banking to mortgage lending, by offering solutions such as onboarding, account opening, lending, and portfolio management solutions. It offers solutions to community banks, credit unions, independent mortgage banks, and financial entities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.