Bill.com price target lowered to $138 from $180 at Wells Fargo

Wells Fargo analyst Jeff Cantwell lowered the firm’s price target on Bill.com to $138 from $180 and keeps an Overweight rating on the shares. The firm expects shares will be pressured near-term on management’s "SMB slowdown" commentary plus the lack of a real raise in revenue guidance for FY23, the analyst tells investors in a research note.