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nCino raises price target to $23 after strong Q2 fiscal 2027 results and analyst optimism.

Company Fundamentals
26 Aug 2026
Danny Green
View Source
Bullish
pluang ai news

nCino reported strong Q2 fiscal 2027 results with total revenues up 8% to $161 million and subscription revenue growing 10% to $143.5 million. The company showed significant profitability improvements, with non-GAAP operating income rising 36% to $40.8 million and free cash flow increasing 170% to $34 million, beating market expectations for the fourth consecutive quarter. Following these results, Barclays analyst Saket Kalia raised nCino's price target to $23 from its current trading price of $20.81. The company also announced a $100 million share repurchase program, signaling confidence in its growth driven by strong demand and adoption of its AI capabilities.

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