6 Analysts Assess BigCommerce Holdings: What You Need To Know
Portfolio Pulse from Benzinga Insights
Six analysts have recently updated their ratings on BigCommerce Holdings (NASDAQ:BIGC), with 4 bullish and 2 indifferent ratings. The average 12-month price target is now $15.42, up from $12.50, with a high estimate of $20.00 and a low of $10.00. Analysts from Needham, Piper Sandler, Goldman Sachs, and Truist Securities have maintained or lowered their price targets. BigCommerce's revenue growth is 7.81%, but it has a net margin of -26.02%, ROE of -86.8%, ROA of -4.5%, and a high debt-to-equity ratio of 17.63.
January 30, 2024 | 4:00 pm
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Analysts show mixed sentiments on BigCommerce Holdings with a raised average price target of $15.42, indicating potential upside. However, concerns about profitability and high debt may temper investor enthusiasm.
The mixed analyst ratings and the increased average price target suggest a potential upside for BigCommerce Holdings, but the company's below-average profitability metrics and high debt-to-equity ratio may lead to cautious investor sentiment in the short term. The relevance of the news is high as it directly pertains to the company's stock performance, and the importance is significant due to the impact of analyst ratings on investor decisions. The confidence level is set at 80, reflecting the clear data provided but acknowledging the inherent unpredictability of market reactions to analyst ratings.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100