Needham Reiterates Buy Rating on Bill.com Holdings Inc. (BILL)

Needham analyst Scott Berg reiterated a Buy rating and $100.00 price target on Bill.com Holdings Inc. (NYSE: BILL)

The analyst comments "Yesterday, we connected with an accounting consultant at a large accounting firm and former Bill.com customer. Conversations around stable payment modality give us increased confidence that Bill can maintain near-term take rates and raise them over time, with use of virtual cards likely still on the rise. This partner noted a high level of satisfaction with the solution versus other vendors and noted Bill can scale with growing customers better than our prior assumptions, which can reduce fears of customers graduating to other AP platforms. Finally, we believe there is potential for significant AI innovation with a variety of use cases that could help attract customers in the near-term."

For an analyst ratings summary and ratings history on Bill.com Holdings Inc. click here. For more ratings news on Bill.com Holdings Inc. click here.

Shares of Bill.com Holdings Inc. closed at $52.83 yesterday.

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