Analyst opinions remain mixed on Bill.com Holdings Inc. post Q2 results. However, they continue to see a sharp upside in the stock. KeyBanc analyst Josh Beck raised the firm’s price target on Bill.com to $250 from $225 (46.8 percent upside) and kept an Overweight rating on the shares. Bill.com reported a large beat, topping Street revenue by ~26 percent, and Divvy momentum remains strong at 188 percent growth, Beck tells investors in a research note. The analyst thinks Bill.com should be a core large-cap holding provided strong network effects across buyers/suppliers, expanding distribution channels, and untapped payments digitization. Oppenheimer analyst Brian Schwartz lowered the firm’s price target on Bill.com to $285 from $370 (67.4 percent upside) and kept an Outperform rating on the shares. Bill.com’s Q2 results lend good support to the firm’s rebound-first call on the stock, a strong fundamentals story, and follow what has been a rotation out of the high-valuation momentum names. …
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