Bill upgraded to Buy from Neutral at Goldman Sachs

Goldman Sachs upgraded Bill (BILL) to Buy from Neutral with a price target of $104, up from $96. The firm notes it had previously downgraded Bill, prior to the election and following earnings, when the company announced a sizable pull forward of investments at a time when there was continued uncertainty behind the macro environment. However, several factors have improved visibility into a re-acceleration of topline trends and ultimately profitability, the analyst tells investors.