- Piper Sandler analyst Brent Bracelin maintained Bill.Com Holdings, Inc (NYSE:BILL) with an Overweight and lowered the price target from $300 to $205 (92.4% upside).
- After six months of fielding investor questions, Piper Sandler published a new 'what could go right?' report series.
- The report involved in-person meetings with senior leadership to understand better how different cloud business models, product strategies, and backup scenarios are shifting in this hyper-fluid macro environment.
- Relative to BILL, Bracelin came away from in-person meetings last week with the CEO and CFO having a better appreciation for 1) automation as a cost driver tailwind, 2) back-office resiliency that differs from front-office apps more tied to new company formations, 3) payment and product mix tailwinds, and 4) a solid appetite to return to positive free cash flow.
- Price Action: BILL shares traded lower by 8.29% at $105.16 on the last check Tuesday.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
Piper Sandler Lists What Could Go Right For Bill.Com
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks