Analyst Ella Smith of J.P. Morgan maintained a Hold rating on nCino, with a price target of $30.00.
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Ella Smith’s rating is based on a combination of factors that reflect both the strengths and challenges facing nCino. The company has shown a slight improvement in subscription revenue, surpassing expectations for the third quarter of fiscal 2026 and aligning with forecasts for the fourth quarter. However, management’s cautious approach to guidance and the unchanged annual contract value growth suggest a conservative outlook for future revenue growth.
Despite the potential for increased sales activity and faster implementation timelines, the overall environment remains uncertain. The company’s strategic initiatives, such as automation and AI deployment, could enhance revenue prospects, but the current valuation of nCino is seen as fair given the risk-reward profile. As a result, Ella Smith maintains a Hold rating, with a price target of $30 per share, reflecting a balanced view of the company’s potential and market conditions.
According to TipRanks, Smith is an analyst with an average return of -4.8% and a 35.00% success rate.
In another report released yesterday, Bank of America Securities also reiterated a Hold rating on the stock with a $38.00 price target.