Bill price target raised to $86 from $85 at Citi

Citi analyst Andrew Schmidt raised the firm’s price target on Bill to $86 from $85 and keeps a Buy rating on the shares. The company reported 6% revenue outperformance in the December quarter versus Citi’s estimates and substantially higher profit upside, the analyst tells investors in a research note. The fiscal 2024 revenue outlook was raised by a lower amount than the beat, which is a prudent approach, says the firm.