Bill.com price target lowered to $140 from $190 at Susquehanna

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.