BigCommerce Inc. (BIGC, Financial) is in talks to broaden its commercial collaboration with Noibu. This possible extension aims to enhance the strategy of “curated composability,” which facilitates brands, retailers, manufacturers, and distributors in adopting superior solutions efficiently, bypassing the usual hurdles of lengthy procurement processes and intricate systems integration.
Travis Hess, CEO of BigCommerce, highlighted the increasing complexity of the ecommerce environment due to the influx of new sales channels. With brands and businesses needing to engage across multiple platforms, this has introduced challenges in ensuring smooth operations. BigCommerce’s composable strategy intends to address these challenges by integrating top-tier partners and capabilities seamlessly. An expanded partnership with Noibu would be pivotal in providing businesses with advanced customer insights, improved site intelligence, and shorter development timelines, ultimately enhancing revenue streams without the delays associated with traditional contractual agreements.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for BigCommerce Holdings Inc (BIGC, Financial) is $7.94 with a high estimate of $11.00 and a low estimate of $5.00. The average target implies an upside of 62.46% from the current price of $4.89. More detailed estimate data can be found on the BigCommerce Holdings Inc (BIGC) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, BigCommerce Holdings Inc's (BIGC, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for BigCommerce Holdings Inc (BIGC, Financial) in one year is $10.19, suggesting a upside of 108.38% from the current price of $4.89. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the BigCommerce Holdings Inc (BIGC) Summary page.
