Canaccord lowered the firm’s price target on BigCommerce to $11 from $13 and keeps a Buy rating on the shares. The firm said Enterprise growth has yet to show any signs of positive inflection, as was planned, but that the firm is doing a nice job from a cost containment perspective and remains committed to turning itself into a significantly more profitable business in 2024.
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Read More on BIGC:
- BigCommerce price target lowered to $11 from $12 at Barclays
- BigCommerce Announces Third Quarter 2023 Financial Results
- BigCommerce sees FY23 revenue $305.0M-$309.0M, consensus $307.01M
- BigCommerce sees Q4 revenue $79.8M-$83.8M, consensus $81.66M
- BigCommerce reports Q3 non-GAAP EPS 1c, consensus (3c)