高盛的nCino因“提高保留率”和更好的交叉销售而升级

2024-08-14 20:10

Financial technology software company nCino (NASDAQ:NCNO) was upgraded at Goldman Sachs, as the research firm said it sees improving retention and better cross-selling leading to an acceleration in growth.
Shares rose 2.3% in premarket trading on Wednesday.
"nCino is likely to overcome the various business headwinds it has faced into peaking interest rates in relatively short order, which we think materializes through: the lapping of peak mortgage customer churn; accelerating contribution from more nascent, non-core products; growth stability in the core commercial lending business; benefits from nCino’s renewed partnership with Salesforce; and continued margin expansion towards the company’s ‘Rule of 50’ target," analyst Adam Hotchkiss wrote in an investor note.
Hotchkiss said the above factors, along with nCino’s innovation track record, partner ecosystem, and deep-rooted relationships with large financial institutions, should buoy growth.
Hotchkiss raised his rating on nCino to Buy from Neutral and upped his price target to $42 from $34.
Analysts are largely bullish on nCino (NCNO). It has a BUY rating from Seeking Alpha authors, while Wall Street analysts rate it a BUY. Conversely, Seeking Alpha's quant system, which consistently beats the market, rates NCNO a STRONG BUY.

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