Analyst Michael Infante of Morgan Stanley maintained a Buy rating on nCino, with a price target of $21.00.
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Michael Infante has given his Buy rating due to a combination of factors tied to nCino’s upcoming growth drivers. He expects the shift from seat-based to asset-based pricing to materially boost subscription revenue growth in FY27, a dynamic he believes is not yet fully captured in consensus forecasts, and he also views improving mortgage volumes as an additional tailwind for the business.
Infante further highlights nCino’s AI-powered Banking Advisor product as a key catalyst, anticipating broad adoption across commercial users and meaningful monetization once consumption-based pricing begins in F1Q27. He argues that if management can both demonstrate clear evidence of AI-driven revenue acceleration and pursue a more aggressive path to profitability, the stock has room for upside, even as he modestly adjusts estimates and trims the price target to reflect updated assumptions.
Infante covers the Technology sector, focusing on stocks such as Corpay Inc, WEX, and Clearwater Analytics Holdings. According to TipRanks, Infante has an average return of 6.0% and a 59.09% success rate on recommended stocks.
In another report released on March 24, Barclays also maintained a Buy rating on the stock with a $21.00 price target.