Canaccord lowered the firm’s price target on Bill (BILL) to $75 from $105 and keeps a Buy rating on the shares. The firm said the company delivered a solid beat on non-GAAP operating profit and increase in full year non-GAAP EPS expectations and while Q3 revenue was in line with guidance, management lowered full year core revenue guidance.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BILL:
- Bill price target lowered to $50 from $53 at Mizuho
- Hold Rating for Bill.com Holdings Amid Mixed Financials and Challenging Business Environment
- Bill.Com Earnings Call: Strong Growth Amid Economic Challenges
- Bill price target raised to $65 from $60 at UBS
- Positive Outlook for Bill.com Holdings Amid Mixed Q1 Results and Promising Future Growth