Barclays Maintains Equal-Weight on BigCommerce Holdings, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow has maintained an Equal-Weight rating on BigCommerce Holdings (NASDAQ:BIGC) but has reduced the price target from $11 to $10.
January 12, 2024 | 10:11 am
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Barclays has maintained an Equal-Weight rating on BigCommerce Holdings but lowered the price target from $11 to $10, indicating a cautious outlook.
The reduction in price target by Barclays reflects a more conservative valuation of BigCommerce Holdings, which could lead to a negative investor sentiment and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100