NCNO - Despite Industrywide Headwinds nCino Looks Steady Heading Into 2023
2022 was tough on tech stocks, and the cloud-based banking technology company nCino (NASDAQ: NCNO) wasn't spared, with shares trading down more than 56% so far this year.
While the stock is down significantly, nCino's business continues to report strong quarterly results and show that its products are resonating with financial institutions -- both large and small -- that understand the need to digitally transform their operations.
Although nCino's clients are dealing with a worrying economic outlook that creates headwinds for the company, I still think it is well-positioned to succeed long term. Here's why.
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Despite Industrywide Headwinds, nCino Looks Steady Heading Into 2023