tiprankstipranks

BigCommerce Q4 ‘another step in right direction,’ says Jefferies

Jefferies notes that BigCommerce’s (BIGC) Q4 results met consensus on total revenue and beat on profitability, while top-line guidance for Q1 and FY25 missed expectations, which the company attributed to conservatism as management works to improve the business. Q4 was “not a perfect landing, but another step in the right direction” and “another quarter of rebuilding,” says the analyst, who believes investors are still waiting for signs of re-acceleration before revisiting the stock. The firm keeps a Hold rating on the shares.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue