Bill price target lowered to $95 from $110 at Mizuho

Mizuho analyst Siti Panigrahi lowered the firm’s price target on Bill to $95 from $110 and keeps a Neutral rating on the shares. The company reported a fiscal Q4 beat gut guided fiscal 2024 revenue below consensus, the analyst tells investors in a research note. Although the guidance appears conservative, Bill’s net customer additions could remain pressured given the increasing competitive threat of Intuit, the analyst tells investors in a research note.