Barclays Maintains Equal-Weight on BigCommerce Holdings, Raises Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ramsey El-Assal has maintained an Equal-Weight rating on BigCommerce Holdings (NASDAQ:BIGC) and increased the price target from $7 to $8.
May 10, 2024 | 7:02 pm
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Barclays has maintained its Equal-Weight rating on BigCommerce Holdings but raised the price target from $7 to $8, indicating a positive outlook on the company's future performance.
The increase in price target by a reputable analyst like Ramsey El-Assal suggests a positive reassessment of BigCommerce's value, likely due to favorable business prospects or financial performance. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100