NasdaqGS:NCNOSoftware
nCino (NCNO): Assessing Valuation After Macro Tailwinds Boost Tech Stocks
Shares of nCino (NCNO) surged 4.5% following Federal Reserve Chair Jerome Powell's comments hinting that interest rate cuts might be on the way. This news comes alongside a broader tech rally, sparked not by company-specific developments but by macro tailwinds. Additionally, a 90-day delay on pending higher tariffs for Chinese goods has contributed to a meaningful shift in sentiment for the sector, giving investors plenty to consider as nCino rides the wave.
In the bigger picture, nCino’s...