Goldman Sachs Downgrades BigCommerce Rating to Neutral, Cuts Target to $9.50
Goldman Sachs (NYSE: GS) downgrades BigCommerce Holdings (NASDAQ: BIGC) from Buy to Neutral. Price target slashed to $9.50 from the previous $11.50 amid reassessment of market share growth. BigCommerce’s open-ecosystem SaaS model expected to take longer to yield market gains. Intensifying competition from Shopify (NYSE: SHOP), particularly in the enterprise segment, affects growth trajectory. BigCommerce … Read more