Close Holdings Inc. (BILL) PT Raised to $180 at Jefferies

August 19, 2022 8:31 AM EDT
Get Alerts BILL Hot Sheet
Price: $150.51 +0.30%

Rating Summary:
    20 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 4 | Down: 17 | New: 8
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

Jefferies analyst Samed Samana raised the price target on Holdings Inc. (NYSE: BILL) to $180.00 (from $150.00) while maintaining a Buy rating following earnings.

The analyst commented, "BILL answered any doubts about its business momentum with a strong F4Q. Organic core rev grew 71%, Divvy grew 140%, and BILL added ~11.2k net new subs. FY23 rev guidance for $955.5-973.5M (+49-52%) blew away consensus and buy-side expectations. As a cherry on top, BILL also expects to be profitable for the first time on a full-year basis. We believe BILL's strong, durable organic growth and burgeoning leverage justify a premium valuation. Raise PT to $180."

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Related Entities

Jefferies & Co, Earnings