Opinions
The Panic-Proof Portfolio (Stockchase Research)
BigCommerce Holdings
BIGC-Q
PAST TOP PICK
Dec 14, 2021
(A Top Pick Feb 23/21, Down 33.6%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with BIGC has triggered its stop at $40. To remain disciplined, we recommend covering the position at this time. We will look for better opportunities.
$36.080
Stock price when the opinion was issued
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COMMENT
Shopify vs. BigCommerce Big Commerce went public in August and is basically a Shopify copycat. He prefers Shopify which has a faster growth rate and is turning a profit. Has always liked Shopify. Both are Covid winners.
Technology
TOP PICK
Stockchase Research Editor: Michael O'Reilly BIGC was a 2020 technology IPO that peaked over $160 last August. The company offers a technology platform that allows merchants to connect directly with customers and business-to-business. It serves over 60,000 online stores in 150 countries. Recent earnings showed revenues up 39%, despite a small net loss (which was beat market expectations). Management's 2021 outlook calls for a 25% revenue boost -- again above analyst expectations. Gross margins of 78% helped propel earnings up 40%. There is large upside potential we think, beyond our target of $81.50 -- 35% upside initially. We would buy this with a stop-loss at $40. Yield 0%. (Analysts’ price target is $81.21)
Technology