BigCommerce Is Likely To Perform Much Worse Than This Major Peer, Says Bearish Analyst

Benzinga Mar 25, 2024 11:57 AM ET

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 reven...