Goldman Sachs analyst Will Nance raised the firm’s price target on Bill to $136 from $115 and keeps a Buy rating on the shares. The firm sees a mixed outlook for consumer spending and payments companies for the remainder of the year, but with Payments stocks being a source of funds against more bullish calls on less macro sensitive sectors the firm has seen multiples for “growthier, less profitable names” expand relative to larger, more defensive names in its coverage, the analyst tells investors in an earnings preview note for the group.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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>>
See the top stocks recommended by analysts >>
Read More on BILL:
- Charles Schwab upgraded, Fox downgraded: Wall Street’s top analyst calls
- Bill price target raised to $140 from $110 at KeyBanc
- Bill downgraded to Market Perform from Outperform at Keefe Bruyette
- Bill price target raised to $165 from $110 at Piper Sandler
- Bill price target raised to $140 from $110 at Deutsche Bank