12 Best Beaten Down Technology Stocks to Buy According to Wall Street Analysts

Page 7 of 10

4. nCino, Inc. (NASDAQ:NCNO)

Upside Potential: 125.00%

Number of Hedge Fund Holders: 31

The overall sentiment surrounding nCino, Inc. (NASDAQ:NCNO) remains soft, as analysts update their models following a sluggish share price performance in the past year amid broader headwinds in the software group.

JPMorgan sees the accelerated expansion of AI as a concern. The growing adoption of AI is expected to erode the competitive edge and long-term viability of software companies. The firm attributes this trend to the overall sector underperformance. Amid these sector challenges, the firm reduced the price target on nCino, Inc. (NASDAQ:NCNO) from $30 to $16. It maintained its ‘Neutral’ rating on the stock on February 18, 2026.

On a similar note, Barclays revisited nCino, Inc. (NASDAQ:NCNO) in early January. The firm cited mixed Wall Street sentiment amid heightened AI competition, which is seen as a possible driver of the current weakness in the software sector. While making adjustments to the sector model, the firm cut its price target on the stock from $37 to $34. Still, the firm reiterated its Overweight rating.

In the middle of these two updates, nCino, Inc. (NASDAQ:NCNO)’s shares fell to their 52-week low of $17.60 on February 11, 2026. The slide follows a 46.90% share price decline over the previous year, representing the tough times the software group is facing.

nCino, Inc. (NASDAQ:NCNO)’s business model leverages the company’s Bank Operating System and IQ. With this, the company offers cloud-based banking software to allow financial institutions to service lending, onboarding, compliance, and risk management through AI-driven analytics.

Page 7 of 10