Susquehanna analyst James Friedman lowered the firm’s price target on Bill.com to $140 from $190 and keeps a Positive rating on the shares. The analyst said all major metrics landed above both guidance and our own Street-high estimates. But the softer macro led to guidance that implies a sequential revenue decline for the first time since the IPO.
Published first on TheFly
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Read More on BILL:
- Bill.com price target lowered to $100 from $105 at Mizuho
- Bill.com downgraded to Market Perform at BMO following ‘tough’ Q2
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