Bob Karr

Wed, Jun 25, 2025, 10:01 AM2 min read

nCino, Inc. (NASDAQ:NCNO) is one of the 10 Worst Aggressive Growth Stocks to Buy According to Short Sellers. On June 18, JPMorgan began coverage on nCino, Inc. (NASDAQ:NCNO)’s stock with a “Neutral” rating and a price objective of $30.00. The firm saw that banks have been prioritizing functionality over configurability in nCino, Inc. (NASDAQ:NCNO)’s offerings, mainly in down-market segments. Furthermore, the company has been working to shorten project timelines via more prescriptive products and AI tools in a bid to improve profitability.

A financial professional utilizing a cloud-based software application.

JPMorgan believes that the digital banking space is an attractive investment arena. nCino, Inc. (NASDAQ:NCNO) is benefiting from industry experience across banking and technology, given that it was spun out as a separate company from a bank in late 2011. The firm also mentioned that nCino, Inc. (NASDAQ:NCNO) has been pivoting its focus from professional services revenue growth to improving professional services profit margins. In Q1 2026, the company’s total revenues came in at $144.1 million, reflecting a rise of 13% from $128.1 million in Q1 2025, with subscription revenues for Q1 2026 coming at $125.6 million, up from $110.4 million one year ago.

For Q2 2026, the company expects total revenues of between $142.0 million – $144.0 million, and subscription revenues in the range of $124.5 million – $126.5 million.

nCino, Inc. (NASDAQ:NCNO) offers software solutions to financial institutions. Conestoga Capital Advisors, an asset management company, released its Q4 2024 investor letter. Here is what the fund said:

“NCino, Inc. (NASDAQ:NCNO) provides cloud-based software solutions to financial institutions to facilitate lending, account opening, and onboarding. NCNO’s Bank Operating System has become the market leader in commercial lending divisions within banks. NCNO has broadened their platform to include mortgage origination, consumer lending, and small business lending. NCNO operates in a serviceable addressable market of nearly $40 billion. NCNO’s revenue is 86% recurring, grows in the mid-teens range organically, and is geographically diverse with 20% coming from international markets. NCNO targets being a “rule of 50” company and has expanded operating margins rapidly to 20%, with the goal of reaching >30%. NCNO is headquartered in Wilmington, NC.”

While we acknowledge the potential of NCNO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk.  If you are looking for an AI stock that is more promising than NCNO and that has 100x upside potential, check out our report about this cheapest AI stock.