Needham analyst Scott Berg maintained a Buy rating on Bill.com Holdings today and set a price target of $75.00.
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Scott Berg’s rating is based on Bill.com Holdings’ strong performance in the fourth quarter, where the company exceeded revenue and operating income forecasts. The company demonstrated improvement across various metrics, including a slight increase in the accounts payable/accounts receivable take rate, indicating effective execution despite challenging macroeconomic conditions.
Furthermore, Bill.com is heavily investing in product innovation to enhance cross-selling and monetization opportunities. This includes the upcoming launch of AI financial agents and new services like Supplier Payments Plus. Although the fiscal year 2026 guidance was slightly conservative, Berg believes the company is well-positioned to surpass these expectations, aligning with a broader industry trend of cautious guidance.
Berg covers the Technology sector, focusing on stocks such as PROS Holdings, Paylocity, and Dayforce Inc. According to TipRanks, Berg has an average return of -3.1% and a 40.48% success rate on recommended stocks.
In another report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $60.00 price target.