BILL Holdings Bull Case Not Supported By Industry Data. This Analyst Turns Bearish
Portfolio Pulse from Priya Nigam
Morgan Stanley analyst Jonathan Lee downgraded BILL Holdings from Overweight to Equal Weight, citing structural limitations, increased competition from Intuit, and macroeconomic pressure on total payment volume. The price target remains unchanged at $105.
June 12, 2023 | 4:53 pm
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NEUTRAL IMPACT
Intuit's increased competition is cited as a reason for the downgrade of BILL Holdings by Morgan Stanley.
While Intuit's increased competition is mentioned as a reason for the downgrade of BILL Holdings, it does not directly imply a positive or negative impact on Intuit's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Morgan Stanley downgraded BILL Holdings due to structural limitations, increased competition from Intuit, and macroeconomic pressure on total payment volume.
The downgrade by Morgan Stanley is based on structural limitations, increased competition from Intuit, and macroeconomic pressure on total payment volume. This negative outlook is likely to impact BILL Holdings' stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100