10 Best Cloud Computing Stocks to Buy Under $10

5. BigCommerce Holdings Inc. (NASDAQ:BIGC)

Current Share Price: $5.87

Number of Hedge Fund Holders: 27

BigCommerce Holdings Inc. (NASDAQ:BIGC) operates a leading open Software-as-a-Service (SaaS) platform for e-commerce. Its cloud-based platform enables merchants to build, manage, and scale online stores across multiple sales channels, including branded websites, marketplaces, social networks, and in-person point-of-sale systems.

The global business-to-business (B2B) e-commerce market is expected to grow substantially over the next several years. According to the company, 35% of B2B businesses are not selling online today, leaving a large addressable market. BigCommerce should be able to grow competitively as it differentiates itself through its highly customisable, API-driven architecture and its focus on serving both B2C and B2B merchants. Thus, the company benefits from the growing adoption of digital commerce globally.

In a note on March 12, Needham analyst Scott Berg maintained a Buy rating on BigCommerce Holdings Inc. (NASDAQ:BIGC) with a price target of $10. According to the analyst, the company is introducing a new payment solution, refining its product integration, and restructuring its go-to-market leadership to enhance B2B capabilities and cross-selling potential. All such measures are encouraging as they are aimed at improving brand awareness and setting up a clearer growth path, particularly in the company’s SMB segment.

That said, the analyst considers the current fiscal year a transition period, with stronger growth expected to materialise in the following year. He also points out that the payment solution adds flexibility to BigCommerce’s intermediate-term model, potentially positioning the company for accelerated growth by FY26.