NCino Revenue Likely to Grow at 15% CAGR Through 2028, UBS Says

MT Newswires Live2024-12-17

NCino's (NCNO) revenue is expected to increase at a roughly 15% compound annual growth rate through 2028 as it pursues a global market opportunity worth more than $18 billion, UBS Securities said Monday.

"The company's attractive financial profile is underpinned by highly recurring subscription revenue with [nearly] 140% subscription revenue retention rates (on average over the last three years), and long-term contracts of [about] 4 years on average, UBS analysts, including Nik Cremo, said in a note to clients.

The firm sees nCino's potential to increase operating margins to about 27% in 2028 from an estimated 13% in 2024.

UBS said that while its 2026 and 2027 revenue outlooks are in-line and 2% above Wall Street's expectations, respectively, it continues to see various upside sources, including the transition to a new pricing model, and a recovery in US mortgage volumes.

The brokerage initiated its coverage of the nCino stock with a buy rating and a $44 price target.

The company's shares were up nearly 2% in recent trading.

Price: 36.15, Change: +0.69, Percent Change: +1.95

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2492611481?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-17 00:49","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2492611481","market":"hk","top_or_hot":-1,"title":"NCino Revenue Likely to Grow at 15% CAGR Through 2028, UBS Says","media":"MT Newswires Live","content":"<html><body><p> NCino's (NCNO) revenue is expected to increase at a roughly 15% compound annual growth rate through 2028 as it pursues a global market opportunity worth more than $18 billion, UBS Securities said Monday.</p><p>\"The company's attractive financial profile is underpinned by highly recurring subscription revenue with [nearly] 140% subscription revenue retention rates (on average over the last three years), and long-term contracts of [about] 4 years on average, UBS analysts, including Nik Cremo, said in a note to clients.</p><p>The firm sees <a href=\"https://laohu8.com/S/NCNO\">nCino</a>'s potential to increase operating margins to about 27% in 2028 from an estimated 13% in 2024.</p><p>UBS said that while its 2026 and 2027 revenue outlooks are in-line and 2% above Wall Street's expectations, respectively, it continues to see various upside sources, including the transition to a new pricing model, and a recovery in US mortgage volumes.</p><p>The brokerage initiated its coverage of the nCino stock with a buy rating and a $44 price target.</p><p>The company's shares were up nearly 2% in recent trading.</p><p>Price: 36.15, Change: +0.69, Percent Change: +1.95</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NCino Revenue Likely to Grow at 15% CAGR Through 2028, UBS Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNCino Revenue Likely to Grow at 15% CAGR Through 2028, UBS Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-17 00:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NCino's (NCNO) revenue is expected to increase at a roughly 15% compound annual growth rate through 2028 as it pursues a global market opportunity worth more than $18 billion, UBS Securities said ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NCNO","symbol_name":"nCino","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2492611481","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492611481","pubTimestamp":1734367793,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"NCino's  revenue is expected to increase at a roughly 15% compound annual growth rate through 2028 as it pursues a global market opportunity worth more than $18 billion, UBS Securities said Monday.\"The company's attractive financial profile is underpinned by highly recurring subscription revenue with [nearly] 140% subscription revenue retention rates , and long-term contracts of [about] 4 years on average, UBS analysts, including Nik Cremo, said in a note to clients.The firm sees nCino's potential to increase operating margins to about 27% in 2028 from an estimated 13% in 2024.UBS said that while its 2026 and 2027 revenue outlooks are in-line and 2% above Wall Street's expectations, respectively, it continues to see various upside sources, including the transition to a new pricing model, and a recovery in US mortgage volumes.The brokerage initiated its coverage of the nCino stock with a buy rating and a $44 price target.The company's shares were up nearly 2% in recent trading.Price: 36","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"NCNO":"nCino"},"translate_title":"瑞银表示，到2028年，NCino收入可能以15%的复合年增长率增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NCNO":0.9},"content_text":"NCino's (NCNO) revenue is expected to increase at a roughly 15% compound annual growth rate through 2028 as it pursues a global market opportunity worth more than $18 billion, UBS Securities said Monday.\"The company's attractive financial profile is underpinned by highly recurring subscription revenue with [nearly] 140% subscription revenue retention rates (on average over the last three years), and long-term contracts of [about] 4 years on average, UBS analysts, including Nik Cremo, said in a note to clients.The firm sees nCino's potential to increase operating margins to about 27% in 2028 from an estimated 13% in 2024.UBS said that while its 2026 and 2027 revenue outlooks are in-line and 2% above Wall Street's expectations, respectively, it continues to see various upside sources, including the transition to a new pricing model, and a recovery in US mortgage volumes.The brokerage initiated its coverage of the nCino stock with a buy rating and a $44 price target.The company's shares were up nearly 2% in recent trading.Price: 36.15, Change: +0.69, Percent Change: +1.95","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492611481"}