BigCommerce Is Likely To Perform Much Worse Than This Major Peer, Says Bearish Analyst
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BigCommerce Holdings Inc (NASDAQ: BIGC) shares were tanking in morning trading on Monday.
The company’s stock is likely to underperform that of its peers, according to BofA Securities.
The BigCommerce Holdings Analyst: Koji Ikeda downgraded the rating on BigCommerce Holdings from Neutral to Underperform, while reducing the price target from $11 to $7.50.
The BigCommerce Holdings Thesis: There are few catalysts to drive BigCommerce’s shares in the medium term and the setup for the company’s revenue and profit upside for 2024 appearing “unattractive,” Ikeda said in the downgrade note.
Check out other analyst stock ratings.
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