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:
Since the election, the median payment technology stock has increased by 18%, with higher beta growth stocks with pro-cyclical exposure outperforming significantly, according to analysts. They believe that fintech benefits from a stronger economy and inflation and potential policy changes by the new administration. However, given more elevated valuations and limited visibility to an acceleration in fundamentals, a more selective approach is recommended.
Bill recently revealed a new issuance of $1.0 billion in convertible senior notes due for 2030, which is projected to result in a mild annualized EPS headwind of about $0.10-0.20. Despite this, sentiment towards the stock seems to be improving modestly.
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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