Analyst Andrew Schmitt of Citi maintained a Buy rating on Bill.com Holdings (BILL – Research Report), with a price target of $67.00.
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Andrew Schmitt has given his Buy rating due to a combination of factors including the company’s strategic initiatives and potential for long-term value creation. Despite a modest macroeconomic slowdown impacting short-term forecasts, Schmitt is optimistic about Bill.com Holdings’ structural strengths such as product expansion and AI initiatives.
Additionally, the company’s evolving approach to payments and supplier enablement is seen as a positive driver for future growth. While the target price has been adjusted to reflect current market conditions, the expected share price return remains attractive. These elements collectively support the Buy recommendation for Bill.com Holdings.
According to TipRanks, Schmitt is a 3-star analyst with an average return of 1.0% and a 47.37% success rate. Schmitt covers the Technology sector, focusing on stocks such as Fidelity National Info, Fiserv, and Block.
In another report released on May 19, J.P. Morgan also maintained a Buy rating on the stock with a $55.00 price target.