Canaccord analyst Joseph Vafi lowered the firm’s price target on Bill.com to $175 from $250 and keeps a Buy rating on the shares. The analyst said while growth is slowing now, we believe Bill still grows through the macro headwind, and in the meantime EPS should benefit significantly from float revenue against a backdrop of a rising rate environment, incremental pricing power and some measured cost efficiency gains.
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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