B of A Securities Downgrades BigCommerce Holdings to Underperform, Lowers Price Target to $7.5
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Koji Ikeda downgraded BigCommerce Holdings (NASDAQ:BIGC) from Neutral to Underperform and reduced the price target from $11 to $7.5.

March 25, 2024 | 10:42 am
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BigCommerce Holdings was downgraded by B of A Securities from Neutral to Underperform, with a price target cut from $11 to $7.5.
The downgrade from Neutral to Underperform suggests a negative outlook on BigCommerce Holdings by B of A Securities. The significant reduction in the price target from $11 to $7.5 further indicates a bearish view on the stock's future performance. This could lead to a decrease in investor confidence and potentially result in a short-term decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100