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On Friday, Keefe, Bruyette & Woods maintained a positive stance on nCino Inc. (NASDAQ:NCNO) by reaffirming an Outperform rating and a $28.00 price target. The financial services technology company is scheduled to host an investor day on Tuesday, May 20, 2025, coinciding with its annual "nSight" customer conference.
Analysts from Keefe, Bruyette & Woods anticipate that during the investor day, nCino will provide updates on its products and strategies, as well as revisit the long-term operating model initially presented at its last investor day in September 2023. This event is seen as a potential turning point for the company, which has been under scrutiny due to a less-than-expected financial outlook for FY26.
The upcoming event will also serve as a platform for investors to engage with nCino’s newly appointed CEO, Sean Desmond, who stepped into the role earlier this year. The change in leadership marks a new chapter for nCino, and the investor day presents an opportunity for the CEO to articulate the company’s growth trajectory.
Keefe, Bruyette & Woods have highlighted the significance of the investor day amidst the ongoing debate around nCino’s future performance. The firm expects that a convincing presentation from the management could act as a catalyst for the stock, especially if they can effectively defend the company’s long-term growth prospects.
nCino’s investor day is positioned as a critical event for the company to address investor concerns and demonstrate its commitment to growth and value creation. The firm’s analysts are looking forward to how nCino’s management will articulate their strategy to reassure stakeholders.
In other recent news, nCino has partnered with Pinwheel to enhance its Consumer Banking Solution by integrating Pinwheel’s Direct Deposit Switching technology. This collaboration aims to improve deposit switch conversion rates for banks and credit unions, addressing the issue of inactive new bank accounts due to the cumbersome process of changing direct deposit information. Meanwhile, BofA Securities has raised its price target for nCino to $26, maintaining a Neutral rating, following positive discussions with the company’s executives. Keefe, Bruyette & Woods also adjusted their price target to $28, retaining an Outperform rating, citing confidence in nCino’s fiscal year 2026 guidance and long-term growth potential.
UBS, however, revised its price target down to $30 from $43, maintaining a Buy rating after nCino’s fiscal fourth-quarter results showed revenue figures slightly above estimates. The company’s fiscal year 2026 guidance, which projected lower-than-expected subscription and total revenue, contributed to the target adjustment. Specific challenges in the mortgage and international bookings sectors were noted as factors in the conservative revenue growth outlook. Despite these challenges, nCino’s management remains optimistic about the strength of its customer base, which is expected to show growth in loan portfolios, deposits, and earnings. These developments highlight the varied perspectives among analysts regarding nCino’s financial outlook and market position.
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