Susquehanna raised the firm’s price target on Bill to $160 from $115 and keeps a Positive rating on the shares. The firm said the target increase is not a call on the upcoming quarterly report but believes FQ1 consensus looks conservative to us, and so are raising midterm estimates. Susquehanna said acombination of strategic initiatives to expand channels and grow the funnel leave them constructive on mid-term demand trends.
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- Jefferies Internet, tech/software analysts hold analyst/industry conference call
- Bill price target raised to $136 from $115 at Goldman Sachs
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