BigCommerce Holdings (BIGC)

(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.

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)