Barclays analyst Raimo Lenschow lowered the firm’s price target on BigCommerce to $7 from $10 and keeps an Equal Weight rating on the shares as part of a Q1 earnings preview for the software sector. There are finally signs of better times ahead in software with supplier checks “properly inflecting upwards,” the analyst tells investors in a research note. The firm says that not all vendors will see these reflected in their Q1 results, so it expects an uneven performance across the group.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BIGC:
- BigCommerce to Announce First Quarter 2024 Financial Results on May 9, 2024
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Tesla downgraded, Disney upgraded: Wall Street’s top analyst calls
- BigCommerce downgraded to Underperform from Neutral at BofA
- BigCommerce Grants Performance-Based Stock to Executives