UPDATE: Wells Fargo Starts Bill.com Holdings Inc. (BILL) at Overweight

Wells Fargo analyst Jeff Cantwell initiates coverage on Bill.com Holdings Inc. (NYSE: BILL) with a Overweight rating and a price target of $284.00.

The analyst comments "Best-in-class B2B software/payments company with significant greenfield opportunity ahead serving SMBs. Management is smartly diversifying the company's 'flywheel,' creating meaningful TAM expansion/new cross-selling opportunities. We expect strong revenue growth over the next two years."

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 $232.50 yesterday.

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