Is BigCommerce Holdings Inc. (BIGC) the Best Tech Stock to Buy Right Now Under $10?

As an investor, you're always on the lookout for undervalued tech stocks with strong growth potential. One such stock that has caught my eye is BigCommerce Holdings Inc. (BIGC), a cloud-based e-commerce platform provider. With a market capitalization of $510.25 million and a share price under $10, BIGC offers an attractive opportunity for investors seeking exposure to the growing e-commerce market. Let's dive into the reasons why BIGC might be the best tech stock to buy right now under $10.



1. Growing e-commerce market: The global e-commerce market is projected to reach $7.4 trillion by 2025, growing at a CAGR of 14.7% from 2020 to 2025. BigCommerce's platform caters to this growing market, providing a comprehensive suite of tools and services for businesses to launch and scale their online stores.
2. Strong revenue growth: In 2023, BigCommerce reported a 10.86% year-over-year increase in revenue, reaching $309.39 million. This growth is a testament to the platform's popularity and the increasing demand for e-commerce solutions. As the market continues to expand, BigCommerce is well-positioned to capitalize on this growth.
3. Improving profitability: Although BigCommerce is still reporting losses, the magnitude of losses has been decreasing. In 2023, losses were -$64.67 million, a significant improvement from the -$115.57 million reported in 2022. This trend indicates that the company is moving towards profitability, which is a positive sign for investors.
4. Analyst optimism: The average price target for BIGC stock is $8.28, which is a 26.99% increase from the latest price. This suggests that analysts are optimistic about the company's future prospects. Additionally, the consensus rating is "Hold," indicating that analysts believe BIGC is likely to perform similarly to the overall market.
5. Attractive valuation: With a market capitalization of $510.25 million and a share price under $10, BigCommerce is relatively undervalued compared to its larger competitors. This makes it an attractive investment opportunity for those looking for undervalued stocks in the tech sector.
6. Diverse customer base: BigCommerce serves a wide range of clients, from small businesses and mid-market enterprises to large corporations. This diversification helps mitigate the risk of relying too heavily on a few large customers, which can be a common challenge for smaller e-commerce platform providers.



In conclusion, BigCommerce Holdings Inc. (BIGC) offers an attractive investment opportunity for those seeking exposure to the growing e-commerce market. With strong revenue growth, improving profitability, and an optimistic analyst outlook, BIGC is well-positioned to capitalize on the expanding e-commerce market. Its undervalued valuation and diverse customer base further enhance its appeal as a potential investment. As always, it's essential to conduct thorough research and consider your risk tolerance before making any investment decisions.