Goldman Sachs Maintains Buy on BigCommerce Holdings, Lowers Price Target to $11.5
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Gabriela Borges has maintained a Buy rating on BigCommerce Holdings (NASDAQ:BIGC) but reduced the price target from $13 to $11.5.

November 10, 2023 | 3:57 pm
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NEUTRAL IMPACT
Goldman Sachs reaffirms a Buy rating on BigCommerce Holdings but lowers the price target to $11.5, indicating a potential upside but with caution.
While the Buy rating suggests confidence in the company's fundamentals and potential for growth, the reduction in the price target may reflect a more cautious outlook on the stock's valuation or expected performance. This could lead to a neutral short-term impact as the market digests both the endorsement and the tempered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100