BIGC - BigCommerce (BIGC) stock gains after Truist upgrade ahead of 'very robust' holiday season
Citing the two consecutive quarters of revenue and ARR growth, Truist upgrades BigCommerce (BIGC) from Hold to Buy with a $95 price target.Analyst Terry Tillman says the risk/reward balance has become more appealing and advises investors to buy ahead of the "very robust holiday season for e-commerce."Tillman expects to see improvements in enterprise business growth, partner monetization, and BIGC's international expansion efforts.BigCommerce shares are up 1.6% pre-market to $67.88.Last week, BIGC gained a bear at Citi on valuation and competition concerns.
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BigCommerce (BIGC) stock gains after Truist upgrade ahead of 'very robust' holiday season