JPMorgan gives "Neutral" rating to nCino (NCNO) stock

From Yahoo Finance: 2025-06-25 13:01:00

JPMorgan initiated coverage on nCino, Inc. (NCNO) stock with a “Neutral” rating and a $30.00 price target. The company focuses on functionality over configurability in banking offerings. nCino aims to improve profitability by shortening project timelines with AI tools and prescriptive products.

nCino, Inc. (NCNO) saw a 13% revenue increase in Q1 2026, totaling $144.1 million. Subscription revenue rose to $125.6 million. For Q2 2026, the company expects total revenues between $142.0 million – $144.0 million, and subscription revenues between $124.5 million – $126.5 million.

Conestoga Capital Advisors highlighted nCino, Inc. (NCNO) in its Q4 2024 investor letter. NCNO provides cloud-based software solutions for financial institutions, emphasizing lending, account opening, and onboarding. The company targets to be a “rule of 50” company with expanding operating margins.

While acknowledging nCino’s growth potential, some believe other AI stocks offer higher returns with less downside risk. For those seeking promising AI stocks with 100x upside potential, consider exploring reports on other options.

Read more: JPMorgan Begins Coverage on nCino (NCNO) stock, Gives Neutral