nCino Inc (NASDAQ:NCNO) on Tuesday reported mixed second-quarter financial results and announced a $100 million buyback.

Ncino posted quarterly earnings of 5 cents per share, missing market estimates of 6 cents per share. The company’s sales came in at $161.001 million, beating expectations of $159.150 million.

Ncino raised its FY2027 sales guidance from $642.000 million-$646.000 million to $644.000 million-$647.000 million.

“We delivered an exceptional second quarter of fiscal 2027, once again exceeding all financial guidance. We are seeing many of our largest customers consolidating more of their most critical operations on nCino and expanding their commitments to include our market leading AI capabilities. The confidence behind those commitments reflects a simple reality: deploying AI in financial services demands deep domain context and expertise, and nCino is uniquely positioned to deliver it at scale globally,” said Sean Desmond, CEO at nCino.

nCino shares rose 2.5% to trade at $21.33 on Wednesday.

These analysts made changes to their price targets on nCino following earnings announcement.

  • Citizens analyst Aaron Kimson maintained the stock with a Market Outperform and raised the price target from $23 to $25.
  • Barclays analyst Saket Kalia maintained the stock with an Overweight rating and boosted the price target from $22 to $23.
  • Truist Securities analyst Terry Tillman maintained the stock with a Hold and raised the price target from $19 to $20.

Considering buying NCNO stock? Here’s what analysts think:

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