Bill price target lowered to $40 from $43 at Wells Fargo

Wells Fargo lowered the firm’s price target on Bill (BILL) to $40 from $43 and keeps an Underweight rating on the shares. Despite a sound Q3, softer SMB trends and mixed monetization commentary informed a light Q4 guide, the firm says. Wells expects incremental questions around Bill’s ability to reaccelerate to over 20% in FY26.