Baird analyst David Koning maintains $BILL Holdings (BILL.US)$ with a hold rating, and adjusts the target price from $74 to $100.
According to TipRanks data, the analyst has a success rate of 60.6% and a total average return of 17.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $BILL Holdings (BILL.US)$'s main analysts recently are as follows:
Following the election, the average payment technology stock has grown by 18%, with high beta growth stocks that have pro-cyclical exposure outperforming significantly, according to an analyst. The financial technology sector is positioned to benefit from a strengthening economy, inflation, and potential policy changes from the new administration. Nevertheless, given the more elevated stock valuations and limited visibility for an acceleration in fundamentals, a more selective approach is recommended by the analyst.
Bill has announced an offering of $1.0 billion of convertible senior notes due 2030; this is expected to result in a roughly $0.10-0.20 annualized EPS headwind from the transaction, reflecting a modest negative impact on earnings per share. Despite this, there is a growing inclination towards the stock.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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