Bill.com Shares Trading Higher

Bill.com Shares Trading Higher
Stock photo of a clock on top of papers with chart info, next to a laptop computer. Nataliya Vaitkevich/Pexels
Benzinga
Updated:

Analyst opinions remain mixed on Bill.com Holdings Inc. 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 percent upside) and kept an Overweight rating on the shares.

Bill.com reported a large beat, topping Street revenue by ~26 percent, and Divvy momentum remains strong at 188 percent 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 percent 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.

By Anusuya Lahiri
© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.