nCino (NCNO) Stock

nCino's Q3 results reflect strong revenue growth and improved margins. Yet, it faces challenges in managing market expansion and industry competition.

nCino (NCNO) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

nCino (NCNO) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Despite nCino's solid Q3 performance, including revenue and adjusted EPS exceeding estimates, the company's guidance fell short of consensus, leading to a 12.4% stock drop. The company continues to grow through acquisitions and organic means, with a notable 13.9% revenue increase driven by existing and new customers. Profitability metrics improved, but the stock remains highly expensive, requiring significant cash flow and EBITDA growth to justify its valuation.

Piper Sandler analyst Brent A. Bracelin downgraded nCino, Inc. NCNO to Neutral from Overweight, with a price forecast of $38.

NCino (NCNO) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.14 per share a year ago.

WILMINGTON, N.C., Dec. 02, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced its participation in the following investor conferences:

WILMINGTON, N.C., Nov. 25, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a top provider of advanced banking solutions, has announced that it will take part in several upcoming investor conferences.

nCino and FullCircl offering for commercial banks in the UK and across the European Continent creates an end-to-end client lifecycle management experience with integrated acquisition, onboarding, KYB, KYC, and rules-based monitoring nCino and FullCircl offering for commercial banks in the UK and across the European Continent creates an end-to-end client lifecycle management experience with integrated acquisition, onboarding, KYB, KYC, and rules-based monitoring