nCino (NCNO) Gets a Buy Rating from Morgan Stanley

In a report released today, James Faucette from Morgan Stanley maintained a Buy rating on nCino (NCNOResearch Report), with a price target of $50.00. The company’s shares closed last Thursday at $36.94.

According to, Faucette is a 5-star analyst with an average return of 10.6% and a 70.5% success rate. Faucette covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, SS&C Technologies Holdings, and TELUS International (CDA).

Currently, the analyst consensus on nCino is a Strong Buy with an average price target of $50.13, representing a 53.3% upside. In a report released today, Needham also maintained a Buy rating on the stock with a $42.00 price target.

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nCino’s market cap is currently $3.52B and has a P/E ratio of -62.58.

Based on the recent corporate insider activity of 99 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NCNO in relation to earlier this year.

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Ncino Inc is a provider of cloud based software for financial institutions. Its software solution digitizes, automates and streamlines inefficient and complex processes and workflow and utilizes data analytics and artificial intelligence that enables financial institutions to more effectively onboard new clients, make loans and manage the entire loan life cycle, open deposit and other accounts and manage regulatory compliance. The company caters to global financial institutions, enterprise banks, regional banks, community banks, and credit unions.

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