These Analysts Increase Their Forecasts On Ncino Following Better-Than-Expected Q2 Earnings

Core Insights - nCino, Inc. reported better-than-expected second-quarter results, with earnings of 22 cents per share, surpassing the analyst estimate of 14 cents, and quarterly revenue of $148.4 million, exceeding the Street estimate of $143.15 million and up from $132.4 million year-over-year [1][2] Financial Performance - The CEO, Sean Desmond, expressed satisfaction with the financial results, which exceeded quarterly guidance for total and subscription revenues, as well as non-GAAP operating income [2] - nCino raised its fiscal 2026 adjusted EPS guidance to a range of 77 to 80 cents, compared to the previous estimate of 71 cents, and increased its revenue outlook to between $585 million and $589 million, versus the prior estimate of $581.45 million [2] Stock Performance - Following the earnings announcement, nCino shares gained 14.6%, closing at $32.88 [2] Analyst Ratings and Price Targets - Piper Sandler maintained a Neutral rating and raised the price target from $28 to $34 [5] - Needham maintained a Buy rating and increased the price target from $33 to $38 [5] - Raymond James maintained an Outperform rating and raised the price target from $35 to $36 [5] - Truist Securities maintained a Hold rating and increased the price target from $27 to $32 [5] - JMP Securities maintained a Market Outperform rating and raised the price target from $35 to $41 [5] - Baird maintained an Outperform rating and increased the price target from $38 to $40 [5] - B of A Securities maintained a Neutral rating and boosted the price target from $34 to $38 [5] - Morgan Stanley maintained an Equal-Weight rating and raised the price target from $33 to $35 [5]