Added to YB: 2026-08-19
Pitch date: 2026-06-01
NCNO [bullish]
nCino, Inc.
Author Info
No bio for this author
Company Info
nCino, Inc., a software-as-a-service company, provides software solutions to financial institutions in the United States, the United Kingdom, and internationally.
Market Cap
$2.3B
Pitch Price
N/A
Price Target
37.00
Dividend
N/A
EV/EBITDA
31.96
P/E
179.87
EV/Sales
4.13
Sector
Software
Category
value
nCino, Inc. - $NCNO
NCNO: System-of-record commercial lending SaaS at ~3x fwd sales (vs 7x peak), trough multiple pricing structural decline. Bull: slowdown is new-logo only, not retention (churn dip was cyclical mortgage-flow, franchises grew). Asset-based pricing pivot adds floor to 10pt/yr expansion engine; 110 retention alone = low-double-digit growth. 9.6% FY27 guide a sandbag (Q1 +12%). Free options: intl refill, rate-cut mortgage recovery ($10-40M), AI consumption. Re-rate to 19x FCF = $37 PT, ~140% upside vs flat downside.
Read full article (8 min)