BigCommerce Holdings (BIGC) Investor Day Takeaways - Needham & Company

Needham & Company analyst Scott Berg, reiterated a Buy rating and $40.00 price target on BigCommerce Holdings (NASDAQ: BIGC) after attending the company's Investor Day where the company highlighted the current $5.4B digital commerce applications TAM is expected to grow at a 13% CAGR to $10B in 2025, with SaaS applications expected to grow at greater than a 20% CAGR.

The analyst stated "We believe the biggest takeaway for investors should be that BigCommerce’s solution is now at the point where it can serve not only just the largest Enterprise customers but also the most complex requirements in a highly scalable and flexible manner that the large monolith incumbents and SMB focused platforms cannot." "Management broke out newly disclosed enterprise metrics on a more granular level than its previous disclosure around customers spending >$2K, which is not as accurate of a metric as it includes large SMB and mid-market companies as well."

For an analyst ratings summary and ratings history on BigCommerce Holdings click here. For more ratings news on BigCommerce Holdings click here.

Shares of BigCommerce Holdings closed at $17.75 yesterday.

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