Needham analyst Scott Berg assigned a Buy rating to Bill.com Holdings (BILL) today and set a price target of $90.00. The company’s shares closed last Wednesday at $75.07.
According to TipRanks.com, Berg is a top 100 analyst with an average return of 17.1% and a 66.4% success rate. Berg covers the Technology sector, focusing on stocks such as GTY Technology Holdings, Cornerstone Ondemand, and Tyler Technologies.
Bill.com Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $75.43, which is a -6.3% downside from current levels. In a report issued on May 5, KeyBanc also maintained a Buy rating on the stock with a $60.00 price target.
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Based on Bill.com Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $36.09 million and GAAP net loss of $8.32 million. In comparison, last year the company earned revenue of $22.11 million and had a GAAP net loss of $2.03 million.
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Bill.com Holdings, Inc. is a holding company, which engages in the provision of cloud-based software solutions. It simplifies, digitizes, and automates complex back-office financial operations for SMBs. The firm’s software helps customers to generate and process invoices, streamline approvals, send and receive payments, sync with their accounting system, and manage their cash. The company was founded by Rene Lacertea in August 2, 2018 and is headquartered in Palo Alto, CA.
