BILL Holdings’ Growth Prospects Clouded By Investment Pressures, Legal Concerns: Goldman Sachs Downgrades Stock
BILL Holdings, Inc (NYSE:BILL) stock traded lower Friday after multiple firms lowered their price targets. The firms included Goldman Sachs, Keefe, Bruyette & Woods, Susquehanna, Baird, and Evercore ISI.
BILL Holdings reported fourth-quarter revenue of $343.67 million, up by 16.1% year-on-year, beating the analyst estimate of $325.83 million.
For the first quarter, it expects revenue of $346 million-$351 million. It anticipates fiscal 2025 revenue of $1.415 billion-$1.450 billion (prior $1.267 billion-$1.277 billion)
Goldman Sachs: Analyst Will Nance downgraded the rating on BILL Holdings to Neutral (from Buy) with a price target of $54 (down from $86).
While Nance’s investor conversations leading up to earnings were negative, the buy-side revenue numbers were below the sell …
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