Baird lowered the firm’s price target on Bill to $74 from $78 and keeps a Neutral rating on the shares. The firm expects FQ3 revenue to beat Street and they remain balanced on the shares as EPS growth may be limited over the next several years because stock comp expense is high, tax rate could eventually rise to ~25% from ~0%, and interest rates could fall and roughly 100% of earnings from interest revenue/income.
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