Watching NCino; Company Gives Long-Term Target Model Update At Inaugural Investor Day, Sees 1H 2024 Subscription Gross Margin Up 75%, Sees Long-Term Target Model Up 78%-80%
Portfolio Pulse from Benzinga Newsdesk
NCino has updated its long-term target model during its inaugural Investor Day. The company expects its subscription gross margin to increase by 75% in the first half of 2024 and sees its long-term target model up 78%-80%.
September 28, 2023 | 4:19 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
NCino's updated long-term target model and expected increase in subscription gross margin could potentially boost its stock price.
NCino's announcement of an expected increase in subscription gross margin and an updated long-term target model indicates a positive outlook for the company's financial performance. This could potentially attract more investors, leading to an increase in demand for the company's stock and subsequently, a rise in its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100