BigCommerce Is Likely To Perform Much Worse Than This Major Peer, Says Bearish Analyst
BigCommerce Is Likely To Perform Much Worse Than This Major Peer, Says Bearish Analyst
BigCommerce Holdings Inc (NASDAQ:BIGC) shares were tanking in morning trading on Monday.
週一，BigCommerce Holdings Inc（納斯達克股票代碼：BIGC）股價在早盤交易中暴跌。
The company's stock is likely to underperform that of its peers, according to BofA Securities.
根據美銀證券的數據，該公司的股票表現可能低於同行。
The BigCommerce Holdings Analyst: Koji Ikeda downgraded the rating on BigCommerce Holdings from Neutral to Underperform, while reducing the price target from $11 to $7.50.
BigCommerce Holdings分析師：池田浩司將BigCommerce Holdings的評級從中性下調至表現不佳，同時將目標股價從11美元下調至7.50美元。
The BigCommerce Holdings Thesis: There are few catalysts to drive BigCommerce's shares in the medium term and the setup for the company's revenue and profit upside for 2024 appearing "unattractive," Ikeda said in the downgrade note.
BigCommerce Holdings的論點：池田在降級報告中表示，從中期來看，幾乎沒有推動BigCommerce股票增長的催化劑，該公司2024年的收入和利潤上升空間似乎 “沒有吸引力”。
Check out other analyst stock ratings.
查看其他分析師股票評級。
Soft demand is likely to impact BigCommerce's revenue growth, which is the "key metric" in the e-commerce software category, the analyst stated. He added that the company is likely to generate revenue growth of 5.7% in 2024, compared to the U.S. industry outlook of 8.2%, global pure-play peers of 31% and Shopify Inc (NYSE:SHOP) of 24%.
分析師表示，疲軟的需求可能會影響BigCommerce的收入增長，這是電子商務軟件類別的 “關鍵指標”。他補充說，該公司在2024年可能實現5.7％的收入增長，而美國的行業前景爲8.2％，全球純粹的同行爲31％，Shopify Inc（紐約證券交易所代碼：SHOP）爲24％。
"BigCommerce operates in the upmarket where: competition is fierce (Salesforce Inc (NYSE: CRM), Oracle Corp (NYSE:ORCL), etc.), is mostly rip-and-replace opportunities, and the macro is tough, which are risks to revenue growth," Ikeda wrote.
池田寫道：“BigCommerce在高檔市場開展業務：競爭非常激烈（Salesforce Inc（紐約證券交易所代碼：CRM）、甲骨文公司（紐約證券交易所代碼：ORCL）等）主要是顛倒性的機會，宏觀經濟非常艱難，這對收入增長構成風險。”
BigCommerce's job postings are down 40% over the past three weeks, while that of Shopify have risen by 25% over the past week, which suggested the company might be trying to "protect product margins at the expense of revenue upside," he further said.
他進一步表示，BigCommerce的招聘信息在過去三週下降了40％，而Shopify的招聘信息在過去一週中增長了25％，這表明該公司可能正試圖 “以犧牲收入增長爲代價來保護產品利潤”。
BIGC Price Action: Shares of BigCommerce Holdings had declined by 3.71% to $7.01 at the time of publication on Monday.
BIGC價格走勢：週一發佈時，BigCommerce Holdings的股價下跌了3.71％，至7.01美元。
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