Baird raised the firm’s price target on Bill to $68 from $60 and keeps a Neutral rating on the shares. The firm expects FQ4 revenue/EBITDA to beat the Street, but F2025 guide likely about in line. Baird said while execution hasn’t been great and questions remain on SMB/macro, stock comp add-backs, and core margin expansion, the company’s reasonable growth/valuation offers slightly more reward than risk.
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