Top Wall Street Forecasters Revamp nCino Expectations Ahead Of Q2 Earnings

Core Insights - nCino, Inc. is set to release its second-quarter earnings results on August 26, with analysts expecting earnings of 14 cents per share, unchanged from the previous year [1] - The company anticipates quarterly revenue of $143.17 million, an increase from $132.4 million in the same quarter last year [1] - nCino reported better-than-expected first-quarter sales on May 28 [1] Stock Performance - nCino shares experienced a decline of 2.4%, closing at $28.37 on Monday [2] Analyst Ratings - Morgan Stanley analyst James Faucette maintained an Outperform rating and raised the price target from $29 to $33 [4] - Baird analyst Joe Vruwink upgraded the stock from Neutral to Overweight, increasing the price target from $30 to $38 [4] - Piper Sandler analyst Brent Bracelin kept a Neutral rating and raised the price target from $25 to $28 [4] - Barclays analyst Saket Kalia maintained an Overweight rating and increased the price target from $24 to $31 [4] - Needham analyst Mayank Tandon reiterated a Buy rating with a price target of $33 [4]