These Analysts Revise Their Forecasts On nCino After Q3 Results

Core Insights - nCino, Inc. reported better-than-expected third-quarter financial results, with earnings of 31 cents per share, surpassing the analyst consensus estimate of 20 cents per share, and quarterly sales of $152.163 million, exceeding the consensus estimate of $146.627 million [1] - The company raised its FY2026 adjusted EPS guidance from a range of $0.77-$0.80 to $0.90-$0.91 and increased its sales guidance from $585 million-$589 million to $591.9 million-$593.4 million [2] Financial Performance - nCino's quarterly earnings were significantly above expectations, indicating strong financial performance [1] - The increase in sales and EPS guidance reflects the company's confidence in its growth trajectory [2] Management Commentary - CEO Sean Desmond expressed pride in the team's execution and highlighted the company's advancements in AI capabilities, emphasizing a comprehensive AI strategy for financial institutions [3] Market Reaction - Following the earnings announcement, nCino shares dipped 0.5% to trade at $25.45 [3] Analyst Ratings - Piper Sandler analyst maintained a Neutral rating and lowered the price target from $34 to $30 [6] - Keefe, Bruyette & Woods analyst maintained an Outperform rating and raised the price target from $34.5 to $36 [6]