Wolfe Research analyst Darrin Peller upgraded the rating on Bill.com Holdings to a Buy today, setting a price target of $70.00.
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Darrin Peller has given his Buy rating due to a combination of factors that suggest a positive outlook for Bill.com Holdings. Despite the stock’s underperformance year-to-date, Peller sees potential for significant improvement in the company’s financial performance by fiscal year 2026. This optimism is driven by several strategic initiatives, including conservative guidance, new partnerships, and advancements in accounts payable and receivable monetization.
Additionally, the involvement of activist investors and private equity is expected to enforce cost discipline, enhancing the company’s growth and profitability balance. Peller anticipates that these factors could lead to substantial upside in future estimates, prompting an upgrade from a Peer Perform to an Outperform rating. The price target has been raised to $70, reflecting a 32% upside, based on the company’s potential to achieve durable growth in the mid-teens range across the FinTech and SaaS sectors.
In another report released on September 5, BTIG also maintained a Buy rating on the stock with a $60.00 price target.