Breaking Down BigCommerce Holdings: 6 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
Six analysts have recently updated their ratings on BigCommerce Holdings (NASDAQ:BIGC), showing a mix of perspectives with an average 12-month price target of $10.33, down from $10.70. The ratings reflect adjustments due to market conditions and company performance, with most analysts lowering their price targets. BigCommerce Holdings, a SaaS e-commerce platform provider, has shown a revenue growth rate of 16.18% as of December 31, 2023, but faces challenges with a high debt-to-equity ratio of 13.72.
April 15, 2024 | 4:01 pm
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Analysts have mixed views on BigCommerce Holdings, with a lowered average price target of $10.33. The company shows strong revenue growth but struggles with high debt levels.
The mixed analyst ratings and the slight decrease in the average price target suggest a cautious outlook for BigCommerce Holdings. While the company's revenue growth is positive, the high debt-to-equity ratio may concern investors, potentially leading to a neutral short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100