nCino, Inc. (NCNO) Stock Forecast & Price Target

Ncino Inc is projected to achieve subscription revenue in the range of $513.5 - $517.5 million for FY26, reflecting a year-over-year growth of approximately 10% at the midpoint, alongside strong organic growth of 5-6%. The company's total revenue guidance is set between $585.0 - $589.0 million, representing a 9% increase year-over-year, outpacing previous estimates. Notably, international subscription revenues have shown significant strength, increasing by 30% year-over-year, further bolstering the company's growth narrative.

Ncino Inc. has indicated that it anticipates a slowdown in subscription revenue growth, particularly noting that the fourth quarter is expected to exhibit the lowest year-over-year growth rate in this area. The company is facing challenges in U.S. professional services revenue, which has declined by 2% year-over-year, and it is also contending with increased competition that may lead to pricing pressures. Furthermore, macroeconomic factors such as a potential prolonged economic downturn and low interest rates are likely to affect its clients' profit margins and IT spending, further contributing to uncertainty around future revenue growth.