Analyst Scott Berg from Needham maintained a Buy rating on BigCommerce Holdings (BIGC – Research Report) and keeping the price target at $10.00.
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Scott Berg has given his Buy rating due to a combination of factors involving BigCommerce Holdings’ strategic adjustments and future growth potential. The company reported its fourth-quarter performance, which aligned with its previous 2024 quarterly outcomes, meeting modest expectations and setting a conservative outlook as it revamps its strategy and go-to-market organization.
With the strategic changes mostly complete, BigCommerce aims to concentrate on execution in 2025, anticipating an acceleration in annual recurring revenue growth throughout the fiscal year. Berg finds these expectations reasonable, despite the company’s initial 2025 guidance appearing underwhelming, as recent execution indicates profitability goals might be conservative.