nCino soars on strong FY26 revenue outlook

nCino

27/08/2025 09:29

** nCino NCNO.O jumps ~10.7% to $31.75 premarket

** Banking software platform reports Q2 revenue of $148.82 mln; analysts had estimated $143.15 mln

** Piper Sandler maintains "neutral", cites balanced risk-reward despite growing confidence in co's growth, margins, AI-driven deal wins

** Co expects FY26 total revenue of $585 mln-$589 mln; analysts estimate FY revenue at $581.5 mln, per data compiled by LSEG

** J.P.Morgan says co appears to be faring better in somewhat weaker discretionary spending environment for financial institutions

** At least six brokerages raise PT post results

** Stock rated "hold" on avg; median PT is $34, per data compiled by LSEG

** As of last close, NCNO falls ~15% this year

 (Reporting by Akriti Shah in Bengaluru)

 ((akriti.shah@thomsonreuters.com))