These Analysts Slash Their Forecasts On nCino Following Q4 Results

nCino Inc (NASDAQ: NCNO) reported a non-GAAP EPS of $0.37 for Q4, exceeding the $0.15 analyst estimate by 146.67%, and fourth-quarter revenue grew 6% year over year to $149.7 million, surpassing the $147.57 million estimate. The company also provided first-quarter sales guidance above estimates and FY27 sales guidance with a midpoint above estimates. Following the earnings announcement, nCino shares rose 18% to $17.68 in pre-market trading, while analysts adjusted their price targets, with Piper Sandler lowering theirs from $30 to $22 and Needham from $38 to $25. Additionally, Keith Kettell was appointed as Chief Revenue Officer effective April 1.