Deutsche Bank lowered the firm’s price target on Bill to $75 from $110 and keeps a Buy rating on the shares. The analyst reduced fiscal 2025 estimates citing the “tepid” economic outlook in business-to-business. The firm believes Bill’s Q4 results are tracking slightly above Street estimates, but is taking a more conservative approach to forward estimates. It attributes the slower economic recovery and lower peer group valuations for the target cut.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BILL:
- Jefferies software analyst to hold analyst/industry conference call
- Bill.com Holdings call volume above normal and directionally bullish
- Bill price target lowered to $60 from $74 at Baird
- Bill.com Streamlines Capital Structure with Note Repurchase and Capped Call Termination
- Lone Pine Capital takes new position in Intuit, exits Alphabet stake