Analysts Tread Cautiously On BILL Holdings Citing Dim Guidance Concerns: Review
Portfolio Pulse from Nabaparna Bhattacharya
Analysts have expressed concerns over BILL Holdings' dim guidance, leading to lowered price targets and ratings. The company cut its revenue outlook for FY24 and revised its adjusted EPS forecast. The lagging outlook is attributed to the payment mix favoring lower-cost transactions, reducing overall revenue growth. Despite this, sales commentary remained positive. Analysts from Needham, KeyBanc Capital Markets, Mizuho, and Piper Sandler have all adjusted their forecasts for BILL.
November 03, 2023 | 6:39 pm
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NEGATIVE IMPACT
BILL Holdings has seen lowered price targets and ratings from analysts due to concerns over its guidance. The company's revenue outlook for FY24 has been cut, but sales commentary remains positive.
The company's lowered revenue outlook and adjusted EPS forecast have led to concerns among analysts, resulting in lowered price targets and ratings. This could negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100