Needham analyst Mayank Tandon has reiterated their bullish stance on NCNO stock, giving a Buy rating today.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Mayank Tandon has given his Buy rating due to a combination of factors that signal strengthening fundamentals and attractive valuation for nCino. The company delivered fourth-quarter results ahead of expectations, driven by robust subscription revenue and notable operating leverage, while annual contract value grew at a healthy mid-teens pace, underscoring solid demand heading into FY27.
Management also issued guidance for the upcoming quarter and full year that exceeds consensus, supported by significant recent wins with major banking customers and international expansion. In addition, nCino is seeing rapid adoption of its AI-driven Banking Advisor and progress in shifting customers to platform-based pricing, and with the stock trading at a relatively low forward revenue multiple, Tandon sees room for estimate upside and continued share appreciation.