We came across a bullish thesis on nCino, Inc. on Random walk’s Substack by Moses Sternstein. In this article, we will summarize the bulls’ thesis on NCNO. nCino, Inc. 's share was trading at $30.40 as of September 9th. NCNO’s forward P/E was 37.88 according to Yahoo Finance.
nCino (NCNO) is a cloud banking platform that provides workflow solutions for smaller banks, covering areas like account management and mortgage onboarding. Its product is highly sticky, generating 90% recurring revenue with 40% incremental margins, benefiting from a heavily regulated market with high...
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