BIGC - BigCommerce: Losses Are Largely Factored In (Rating Upgrade)

2024-02-24 07:36:59 ET

Summary

• BigCommerce stock has lost over 10% of its value year to date and over 30% in the past year.
• The company has recently shown signs of profitability and growth acceleration, driven by subscription revenue.
• However, concerns remain primarily around BigCommerce's declining revenue growth, competition with Shopify, and heavy debt.
• Upgrading the stock to neutral based on recent improving trends, but BigCommerce isn't exactly in the clear just yet.

The S&P 500 is within spitting distance of crossing the 5,100 mark, a threshold that many investors would have considered unreachable last year as interest rates were shooting up. Yet despite general optimism for a continued stock market rally (driven in no small part by AI fervor), a number of stocks still remain quite depressed....

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