Oppenheimer raised the firm’s price target on Bill (BILL) to $55 from $50 and keeps an Outperform rating on the shares. The firm notes the company announced a workforce optimization as management leans into Bill’s AI-native future. The efficiency initiative should generate $110M of gross annualized savings.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BILL:
- Buy Rating Reaffirmed as Cost Cuts, AI Focus and Margin Upside Underscore Undervalued Free Cash Flow Potential
- Bill.com Announces Major Restructuring and Share Repurchase Plan
- Bill says to cut up to 30% of workforce
- Bill announces $1M share repurchase authorization
- Bill reports Q3 adjusted EPS 68c, consensus 55c