William Blair analyst Christopher Kennedy has reiterated their bullish stance on NCNO stock, giving a Buy rating on November 25.
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Christopher Kennedy has given his Buy rating due to a combination of factors that suggest a positive outlook for nCino despite some expected deceleration in growth. He acknowledges that the company is experiencing a slowdown in subscription revenue growth, particularly in the latter half of fiscal 2026, primarily due to the impact of one-time revenues from the previous fiscal year. However, Kennedy highlights that excluding these one-time items, nCino’s organic growth remains robust, with an expectation of 8% growth in fiscal 2026.
Additionally, Kennedy notes that the company’s subscription revenue guidance does not factor in potential rebounds in the mortgage business, which has shown significant growth in recent quarters. This conservative guidance implies room for upside, especially if the mortgage segment continues to perform well. Furthermore, the broader industry environment appears favorable, and nCino’s strategic initiatives and market strategies are expected to support sustained high-single-digit organic growth. These factors collectively underpin Kennedy’s confidence in maintaining a Buy rating for nCino.
According to TipRanks, Kennedy is an analyst with an average return of -7.8% and a 35.44% success rate. Kennedy covers the Technology sector, focusing on stocks such as Fidelity National Info, Remitly Global, and Jack Henry & Associates.
In another report released on November 25, Barclays also maintained a Buy rating on the stock with a $37.00 price target.