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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For further details see:
BigCommerce: Losses Are Largely Factored In (Rating Upgrade)