Reported 1 day ago
This article explores a bullish thesis on nCino, Inc. (NCNO), a cloud banking platform for smaller banks with substantial growth potential despite trading at a 50% discount compared to peers. With 90% recurring revenue and high incremental margins, nCino is positioned for growth, particularly in underpenetrated markets. However, challenges like dependence on mortgage volume, investor caution due to a significant exit, and an ongoing accounting investigation introduce risk. Balancing growth prospects against these factors is crucial for potential investors.
Source: YAHOO