Keefe, Bruyette & Woods maintains Bill.com stock rating amid CFO change

Published 03/06/2025, 13:58
Keefe, Bruyette & Woods maintains Bill.com stock rating amid CFO change

On Tuesday, Keefe, Bruyette & Woods analysts reaffirmed their Market Perform rating and maintained a $54.00 price target for Bill.com Holdings Inc. (NYSE: NYSE:BILL). The announcement follows the company’s decision to appoint Rohini Jain as its new Chief Financial Officer.

Bill.com revealed after the market closed that Rohini Jain will assume the CFO position starting July 7. John Rettig, who currently serves as both President and CFO, will transition to the role of President and Chief Operating Officer. This change is part of the company’s strategy to further enhance growth and strengthen its leadership position in the market. The company maintains impressive gross profit margins of 84.5% and has received positive earnings revisions from 14 analysts for the upcoming period.

Rohini Jain brings extensive industry experience from her roles in large global companies, which is expected to benefit her in her new position at Bill.com. John Rettig’s expanded responsibilities as COO are aimed at addressing the company’s revenue growth potential, a key concern for investors.

Keefe, Bruyette & Woods analysts believe these leadership changes could positively influence the company’s strategic direction. The firm continues to monitor Bill.com’s performance and market position closely.

In other recent news, Bill.com reported its financial results for the third quarter of 2025, surpassing expectations with an earnings per share of $0.50, compared to the forecasted $0.37. The company achieved a total revenue of $358 million, slightly above the anticipated $356.65 million. Despite the positive earnings report, Bill.com’s stock experienced a decline in after-hours trading. Additionally, Rohini Jain has been appointed as the new Chief Financial Officer of Bill.com, effective July 7th, bringing extensive experience from her previous roles at major companies like PayPal (NASDAQ:PYPL) and Walmart (NYSE:WMT).

In terms of analyst activity, BMO Capital Markets raised its price target for Bill.com to $52 from $47, maintaining a Market Perform rating. The firm noted potential positive drivers for the company, such as pricing actions and new product offerings. Conversely, Evercore ISI reduced its price target to $50 from $65, citing concerns over the company’s cautious fourth-quarter guidance and the impact of broader economic conditions on its small and medium-sized business customer base.

These developments highlight the dynamic environment Bill.com is navigating, with a focus on strategic growth and adapting to economic trends.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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