Unveiling 9 Analyst Insights On BILL Holdings
Portfolio Pulse from Benzinga Insights
BILL Holdings (NYSE:BILL) received mixed reviews from 9 analysts, with 3 bullish, 5 somewhat bullish, and 1 indifferent. The average 12-month price target is now $99.33, down 34.38% from the previous $151.38. Analysts from firms including Wells Fargo, Canaccord Genuity, Oppenheimer, Goldman Sachs, Susquehanna, Needham, and Piper Sandler have lowered their price targets for BILL, reflecting a cautious outlook on the company's financial performance. Despite a strong revenue growth rate of 32.65% for the quarter ending September 30, 2023, BILL's market capitalization is below industry benchmarks, and it has a net margin of -9.14%, an ROE of -0.68%, and an ROA of -0.29%, indicating profitability and asset utilization challenges.
January 23, 2024 | 1:00 pm
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BILL Holdings has seen a significant reduction in its average price target from analysts, indicating a bearish sentiment. Despite strong revenue growth, profitability and asset utilization issues may weigh on investor confidence.
The reduction in the average price target by a diverse group of analysts suggests a consensus on the cautious outlook for BILL Holdings. The company's strong revenue growth is overshadowed by its below-average profitability metrics, which are critical factors for investors. The high relevance score is due to the article's focus on BILL, while the importance score reflects the significance of analyst ratings and price targets in influencing investor sentiment. The confidence score is based on the clear consensus among analysts and the detailed financial data provided.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100