Analyst Mayank Tandon of Needham reiterated a Buy rating on nCino (NCNO – Research Report), with a price target of $28.00.
Mayank Tandon has given his Buy rating due to a combination of factors influencing nCino’s current market position and future potential. Despite the company’s conservative guidance for the first quarter and fiscal year 2026, which falls below market expectations, Tandon sees value in the company’s long-term prospects. The company’s recent performance, with better-than-expected revenue and operating income, suggests resilience in the face of challenges.
Tandon acknowledges the short-term pressures from foreign exchange headwinds and ongoing difficulties in the mortgage sector, as well as the impact of increased investments on margins. However, he believes that the current valuation, particularly with the stock’s expected drop, presents an attractive opportunity for long-term investors. nCino’s strategic positioning in the growing digital banking software market further supports the Buy rating, as it is well-positioned to benefit from positive industry trends.
In another report released today, Barclays also maintained a Buy rating on the stock with a $24.00 price target.
Based on the recent corporate insider activity of 129 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NCNO in relation to earlier this year.