Morgan Stanley analyst Keith Weiss lowered the firm’s price target on Bill.com to $185 from $200 and keeps an Overweight rating on the shares. While "the other shoe dropped" and macro impacts were more apparent in fiscal Q2, the Bill.com longer-term structural story "is not broken" given that the company’s deep competitive moat and differentiated go-to-market approach remains intact, the analyst tells investors.
Published first on TheFly
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