BILL Holdings shares are trading lower after Wells Fargo downgraded the stock from Equal-Weight to Underweight and lowered its price target from $70 to $60.
Portfolio Pulse from Benzinga Newsdesk
BILL Holdings shares are trading lower following a downgrade by Wells Fargo from Equal-Weight to Underweight, with a reduced price target from $70 to $60.
April 01, 2024 | 2:53 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
BILL Holdings' stock price is expected to face downward pressure in the short term due to the downgrade by Wells Fargo from Equal-Weight to Underweight and a reduction in the price target from $70 to $60.
Analyst ratings and price target adjustments are significant indicators of a stock's short-term performance. The downgrade by a major financial institution like Wells Fargo, accompanied by a substantial reduction in the price target, typically leads to negative investor sentiment and selling pressure, thus likely causing BILL Holdings' stock price to decline in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100