BigCommerce ‘prudent’ FY25 targets ‘provide headroom,’ says Oppenheimer

Oppenheimer notes that the high-end of BigCommerce’s (BIGC) initial FY25 revenue outlook “just touched” consensus, while the EBIT outlook slightly missed, though management sees potential to increase the EBIT outlook as the year progresses. The ARR and revenue view is set “conservatively enough that we see potential for the top line to accelerate” in the second half and 2026 as pipeline build and conversion improve, says the analyst, who keeps a Perform rating on BigCommerce shares.