Jefferies analyst Samad Samana lowered the firm’s price target on BigCommerce to $9.50 from $11 and keeps a Hold rating on the shares. The analyst does not expect headcount reductions to impact the core enterprise and mid-market initiatives, but rather the downmarket business. Samana added that the "tough decision" also lowers the capital risk profile, as the company has convertible debt to address "down the road."
Published first on TheFly
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