Canaccord Genuity analyst Joseph Vafi maintained a Buy rating on Bill.com Holdings yesterday and set a price target of $75.00.
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Joseph Vafi has given his Buy rating due to a combination of factors that highlight Bill.com Holdings’ strong performance and promising future prospects. The company had a robust start to its fiscal year 2026, with its first-quarter results exceeding profitability expectations and showing a 14% increase in core revenue. This performance is supported by a stabilizing macroeconomic environment and Bill.com’s strategic initiatives, such as the upcoming rollout of Agentic AI, which is expected to significantly enhance the financial management capabilities for small business owners.
Furthermore, the expansion of Embed 2.0 demonstrates Bill.com’s strategic move to integrate its core functionalities into existing software platforms, thereby reaching new market segments. The company has already secured significant partnerships with leading software providers, which could open up new growth opportunities. Although there is room for improvement in ad valorem revenue acceleration, Bill.com remains a competitive player in the SMB payments space, with a strong growth trajectory and potential for further market penetration.
Vafi covers the Technology sector, focusing on stocks such as Strategy, Blend Labs, and Circle Internet Group, Inc. Class A. According to TipRanks, Vafi has an average return of 31.2% and a 49.02% success rate on recommended stocks.