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BIGC - BigCommerce: Wait For Growth To Reaccelerate
BigCommerce Holdings Inc.
2024-04-16 22:10:16 ET
Summary
BigCommerce's growth has slowed down, with y/y growth decelerating in the fourth quarter of 2023.
The company's guidance for FY24 suggests that underlying demand is still poor, and further growth deterioration is possible.
While there are positive takeaways, such as improved profitability and a new sales strategy, it is recommended to wait for clear growth improvement before investing.