Canaccord analyst David Hynes raised the firm’s price target on BigCommerce to $13 from $10 and keeps a Buy rating on the shares. The firm said BigCommerce posted relatively solid Q2 results highlighted by the reacceleration of revenue growth following five quarters of decline, its first-ever FCF positive quarter, strategic new leadership appointments, and improving performance in mid-market and non-enterprise.
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Read More on BIGC:
- BigCommerce sees FY23 revenue $304M-$310M, consensus $306.32M
- BigCommerce sees Q3 revenue $76.3M-$79.3M, consensus $78.97M
- BigCommerce reports Q2 non-GAAP EPS (2c), consensus (9c)
- BigCommerce Announces Second Quarter 2023 Financial Results
- BigCommerce to Present at Oppenheimer Technology, Internet & Communications Conference
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