Bill price target raised to $100 from $91 at Susquehanna

Susquehanna raised the firm’s price target on Bill (BILL) to $100 from $91 and keeps a Positive rating on the shares. The firm noted that on its FQ4 earnings call, the company issued constructive long-term guidance, committing to core revenue growth of 20%+ in FY2026. Two of the potential drivers are the company’s growing loan book, and cross-border payment monetization, which we believe may face headwinds from a rising US dollar. The increase in price target is largely to account for peer multiple expansion.