Bill price target lowered to $52 from $65 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Bill (BILL) to $52 from $65 and keeps a Buy rating on the shares. Results exceeded expectations driven by stronger Spend and Expense trends, higher take rates, modestly better volumes, and a contribution from float, aligning with the company’s strategy around customer acquisition, monetization, and AI investment, the analyst tells investors in a research note. Bill remains a leader in A/P automation with mid-teens revenue growth and margin expansion, and recent software stock weakness is viewed as an opportunity given improving macro signals and a greater focus on profitability.