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Why Are Bill.com Shares Trading Higher Today?

Analyst opinions remain mixed on Bill.com Holdings Inc (NYSE: BILL) post Q2 results. However, they continue to see a sharp upside in the stock.

  • KeyBanc analyst Josh Beck raised the firm's price target on Bill.com to $250 from $225 (46.8% upside) and kept an Overweight rating on the shares.

  • Bill.com reported a large beat, topping Street revenue by ~26%, and Divvy momentum remains strong at 188% growth, Beck tells investors in a research note.

  • The analyst thinks Bill.com should be a core large-cap holding provided strong network effects across buyers/suppliers, expanding distribution channels, and untapped payments digitization.

  • Oppenheimer analyst Brian Schwartz lowered the firm's price target on Bill.com to $285 from $370 (67.4% upside) and kept an Outperform rating on the shares.

  • Bill.com's Q2 results lend good support to the firm's rebound-first call on the stock, a strong fundamentals story, and follow what has been a rotation out of the high-valuation momentum names.

  • However, he thinks the most significant risk is the possibility that the rotation away from high-valuation growth names with no current earnings or positive cash flow continues.

  • Price Action: BILL shares traded higher by 24.80% at $212.50 in the premarket session on the last check Friday.

Latest Ratings for BILL

Feb 2022

Oppenheimer

Maintains

Outperform

Feb 2022

Keybanc

Maintains

Overweight

Feb 2022

Keybanc

Maintains

Overweight

View More Analyst Ratings for BILL
View the Latest Analyst Ratings

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