BILL's Potential In B2B Payments: Analyst Foresees 7-Fold Revenue Increase By 2023
Portfolio Pulse from Nabaparna Bhattacharya
Piper Sandler analyst Brent A. Bracelin has reiterated an Overweight rating on BILL Holdings, Inc. (NYSE:BILL), raising the price target to $165 from $110. The analyst expects BILL's revenue to increase sevenfold to more than $1 billion in 2023 from less than $160 million three years ago. The analyst also expects 4Q revenues to be $286.27 million, up 43% year over year. FY23 revenues are expected to jump 63.4% to $1.05 billion.
July 06, 2023 | 6:56 pm
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Piper Sandler analyst expects BILL's revenue to increase sevenfold by 2023, and has raised the price target to $165 from $110.
The analyst's positive outlook and raised price target for BILL indicates strong growth potential, which could lead to an increase in the stock's price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100