Bill.com Holdings, the Technology sector company, was revisited by a Wall Street analyst today. Analyst Chris Quintero from Morgan Stanley maintained a Hold rating on the stock and has a $55.00 price target.
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Chris Quintero has given his Hold rating due to a combination of factors related to Bill.com Holdings’ recent performance and future outlook. The company reported a solid first quarter with core revenue growth of 14% year-over-year, slightly surpassing consensus expectations. This growth was primarily driven by the Spend & Expense business, which showed significant traction, particularly with larger businesses.
Despite these positive results, Quintero maintains a cautious stance, as the company’s future growth catalysts are anticipated to materialize more significantly in fiscal year 2027 rather than the current fiscal year. While management has raised its guidance for fiscal year 2026, indicating confidence in continued growth and profitability improvements, Quintero suggests that the current valuation already reflects these expectations, warranting a Hold rating until more substantial growth signals emerge.
In another report released today, BMO Capital also maintained a Hold rating on the stock with a $54.00 price target.