Scott Berg, an analyst from Needham, maintained the Buy rating on BigCommerce Holdings (BIGC – Research Report). The associated price target remains the same with $10.00.
Scott Berg’s rating is based on BigCommerce’s recent financial performance and strategic positioning. The company reported first-quarter results that were largely in line with expectations, indicating stability in its financial metrics. Notably, BigCommerce has shown a focus on larger enterprise accounts, as evidenced by a 9% year-over-year increase in average revenue per account (ARPA), which underscores its strategy to target bigger clients for growth.
Additionally, the company’s sales pipeline is expanding, suggesting an increased presence in the market and potential for future growth. Although the immediate revenue impact from these efforts may not be realized until the end of fiscal year 2025, the company’s emphasis on cost control and profitability provides a solid foundation for long-term success. These factors combined contribute to Scott Berg’s Buy rating for BigCommerce Holdings.
Berg covers the Technology sector, focusing on stocks such as Five9, Amplitude, and Salesforce. According to TipRanks, Berg has an average return of -6.7% and a 37.30% success rate on recommended stocks.