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BigCommerce price target raised to $12 from $10 at Barclays

Barclays analyst Raimo Lenschow raised the firm’s price target on BigCommerce to $12 from $10 and keeps an Equal Weight rating on the shares. The firm views the Q2 results as a positive for BigCommerce with better enterprise customer adds quarter-over-quarter and “nice progress made” towards the adjusted EBITDA breakeven goal in Q4. However, the firm still thinks BigCommerce is a “wait-and-see story” until the macro environment shows more signs of improvement.

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