In a report released today, Scott Berg from Needham maintained a Buy rating on BigCommerce Holdings (BIGC – Research Report), with a price target of $10.00.
Scott Berg has given his Buy rating due to a combination of factors that highlight BigCommerce Holdings’ strategic overhaul and potential for future growth. The company has undergone significant changes in its business strategy, akin to a complete renovation, following a recent change in leadership. This includes the development of a new payment solution and a more integrated product strategy, as well as a revamp of the go-to-market leadership team to enhance its B2B differentiation and cross-sell capabilities.
These strategic shifts are aimed at building brand awareness and providing a clear growth trajectory for the SMB segment. While these changes are seen as essential, Berg views the current fiscal year as a transitional period, with expectations for substantial growth emerging in the following year. The introduction of the payment solution is particularly noteworthy, as it adds flexibility to the company’s conservative intermediate-term model, potentially setting the stage for high growth by the end of FY26.
According to TipRanks, Berg is an analyst with an average return of -7.9% and a 36.20% success rate. Berg covers the Technology sector, focusing on stocks such as Salesforce, Five9, and SPS Commerce.