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Investing.com - Needham has reiterated its Buy rating and $75.00 price target on Bill.com Holdings Inc. (NYSE:BILL), citing the company’s continued strong execution despite a soft macroeconomic environment. This target represents a 69% premium to the current stock price of $44.37, with InvestingPro data showing the company is currently trading below its calculated Fair Value.
The financial services firm noted that Bill.com reported "another positive quarter" with broadly strong underlying metrics around customer growth and transaction volume, continuing trends seen in the second half of fiscal year 2025. The company maintains impressive gross profit margins of 83.85% and achieved revenue growth of 11.63% over the last twelve months.
Needham expressed confidence that Bill.com remains on track with new monetization strategies expected to drive revenue reacceleration into fiscal year 2027, despite the company being "a bit in a holding pattern" for fiscal year 2026.
The research firm highlighted multiple potential growth drivers, including supplier payments plus, invoice financing, local transfer, new embedded partnerships, and AI agents, which collectively offer "multiple paths to a strengthening take rate."
Needham concluded that Bill.com’s current growth prospects are "overly discounted" in the market, supporting the maintained Buy recommendation for the financial automation software provider.
In other recent news, Bill Com Holdings Inc. reported its financial results for the first quarter of fiscal year 2026, delivering a notable earnings per share (EPS) beat. The company posted an EPS of $0.61, surpassing the forecasted $0.51, which represents a 19.61% surprise for investors. Additionally, Bill Com’s revenue reached $395.7 million, slightly exceeding the forecast of $390.75 million. These results highlight the company’s strong financial performance for the quarter. Despite the positive earnings and revenue figures, shares of Bill Com experienced a decline during regular trading hours. However, they saw a modest increase in aftermarket trading. These developments are part of the recent updates from the company.
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