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BIGC - Hot-handed BigCommerce slides on sell-side caution
BigCommerce Holdings Inc.
"Current valuation levels imply highly elevated levels of growth and present meaningful downside risk if results do not meet expectations," says Morgan Stanley's Stan Zlotsky, initiating coverage on BigCommerce (NASDAQ:BIGC) with an Underweight rating. His $52 price target suggests more than 50% downside from Friday's close.
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