Truist Financial Cuts BigCommerce (NASDAQ:BIGC) Price Target to $9.00

BigCommerce is a software company that provides e-commerce solutions to small and medium-sized businesses. The company's stock is listed on the NASDAQ Global Select Market under the ticker symbol "BIGC."

On Friday, Truist Financial published a research note on BigCommerce, in which they decreased their price target for the stock from $10.00 to $9.00. This means that Truist Financial no longer believes that the stock is worth more than $9.00 per share.

Truist Financial currently has a hold rating on BigCommerce, which means that they do not recommend buying or selling the stock at this time. The company's research note did not provide any specific reasons for the price target decrease.

It is worth noting that other equities research analysts have also recently issued reports on BigCommerce. For example, Goldman Sachs Group downgraded their rating of the stock from "neutral" to "sell" in a report published on July 15th. This means that they no longer believe that the stock is a good investment and are recommending that clients sell their shares.

Overall, the price target decrease by Truist Financial and the downgrade by Goldman Sachs Group suggest that there may be some concerns about BigCommerce's future performance or growth prospects. However, it is important to remember that these are just the opinions of a few analysts and should not be taken as definitive guidance. Investors should always do their own research and consider seeking advice from a financial advisor before making any investment decisions.